Health Care Spending on the Rise
Health Care Spending Projected to Surpass $7 Trillion by 2031 Estimates from the Centers for Medicare and Medicaid Services (CMS) project annual U.S. health care spending to reach approximately $7.2 trillion in 2031. In 2022,...
Read MoreHSA/HDHP Limits Will Increase for 2024
Did you hear the news – HSA/HDHP limits will increase for 2024! On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible...
Read MoreOverhaul Prior Authorization Process
Do you know insurers are overhauling the prior authorization process? Insurers, such as UnitedHealthcare, Cigna and Aetna, are announcing plans to revamp their prior authorization processes. These decisions were made as insurers await an impending...
Read MoreINFLATION – Medical Costs & Workers’ Compensation
Inflation Contributes to Rising Medical Costs and Workers’ Compensation Expenses Inflation is causing rising medical costs and WC expense. A report from the National Council on Compensation Insurance (NCCI) found that the current inflationary environment...
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