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Scott Benefit Services Joins NAHU’s Principals Council

NAHU and Scott Benefit Services

Scott Benefit Services has accepted an invitation to join the National Association of Health Underwriters’ (NAHU) Principals Council, a group of elite agencies and brokers with significant influence on legislative and regulatory issues on the federal level. The NAHU focuses on legislative issues that impact health insurance, specifically employer-sponsored coverage. Their advocacy efforts promote affordable and responsible private health insurance market solutions.

The Principals Council includes representatives from some of the top agencies in the country – agencies with significant legislative influence and more sophisticated regulatory concerns. Members of the group attend top-level meetings with White House staff, members of Congress and federal agency leadership. 

“Scott Benefit Services is proud to be included in a group that holds such significant influence on the future of healthcare in our country,” said Sean Willoughby-Ray, Vice President and Scott Benefit Services Practice Lead. “Having a seat at the table within the inner circle of healthcare reform allows us to step up our continual efforts to improve the options and market conditions for our clients.”

Greg Stancil, Director of Healthcare Reform and Senior Account Executive, will represent Scott Benefit Services on the Council.   Stancil has diligently managed Scott’s response to healthcare reform. He is regarded as an expert on the employer impacts of the Affordable Care Act (ACA) and regularly speaks at industry events and healthcare reform workshops across the country. Additionally, he is a regular contributor on the Scott Performance Thinking blog where he monitors healthcare reform activity and shares important updates and insights for employers. Stancil is a Registered Health Underwriter (RHU), Chartered Healthcare Consultant (ChHC) and received a Certificate of Studies in Healthcare Reform.

“My work has primarily centered on healthcare reform for many years, advocating for and educating employers,” said Stancil. “I look forward to the opportunity to work at this high level on behalf of our clients and, ultimately, the individuals and families they insure.”

White House Makes Big Moves on Healthcare

Healthcare Reform

The White House made two major announcements regarding healthcare yesterday. First, President Trump issued an executive order titled “Promoting Healthcare Choice and Competition Across the United States” and then late last night it was announced that the CSR (cost-sharing reduction) payments from the government to insurance companies would cease immediately.

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McConnell Pulls Plug on Latest ACA Repeal/Replacement Effort

Healthcare Reform

Tuesday afternoon Senate Majority Leader Mitch McConnell announced that they would not vote on Graham-Cassidy, effectively ending the GOP’s hopes of repealing and replacing the Affordable Care Act (ACA) this year. Graham-Cassidy, which was thought to be a non-starter just a couple of months ago, picked up significant steam in the last few weeks as GOP lawmakers faced the reality of their time to repeal and replace the ACA running out. Time was short because the Senate Parliamentarian ruled that the current push to repeal and replace with a simple majority (a process called budget reconciliation) had to end with the current fiscal year on September 30. With this short window of time, Graham and Cassidy pushed hard to get their bill to the floor for a vote and GOP leadership worked with the Congressional Budget Office (CBO) to fast-track a score on the bill (a requirement under budget reconciliation). 

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Trends Driving Increased Healthcare Costs

Photo of graphs showing insurance trends.

It is no secret that healthcare costs are steadily increasing creating a significant burden for employers offering healthcare benefit plans. By analyzing claims data, we can uncover the trends that are driving these costs. Once we understand the data behind the costs, we can identify opportunities to respond and gain control.  

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Mid-Market Benefits Benchmarking

Employee Benefits Benchmarking

When making decisions about your employer-sponsored healthcare benefits strategy, it is critical to compare your benefit plans to those offered by other employers of a similar size. Benefits benchmarking allows you to remain competitive from a talent acquisition perspective and can uncover opportunities for improvement in the midst of the chaotic healthcare landscape.

Each year, Scott Benefit Services, alongside a leading actuarial consulting firm, conducts a Mid-Market Benefits Benchmarking Survey to help guide employers as they make decisions about their employee benefit plans for the following year. 

Results from the 2017 survey reveal several healthcare benefits trends including:  

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