Colsa Insurance Agency, Inc.
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
    • Other Quotes >
      • Travel Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
    • Referral Partners
    • MyInsurance
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Financial Planning
      • Umbrella Insurance
    • Other >
      • Travel Insurance
      • Event Insurance
  • About
    • Our Pledge to You
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
    • Other Quotes >
      • Travel Insurance Quote
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
    • Referral Partners
    • MyInsurance
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Financial Planning
      • Umbrella Insurance
    • Other >
      • Travel Insurance
      • Event Insurance
  • About
    • Our Pledge to You
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Privacy Policy
    • Blog
    • News
  • Contact

Colsa Insurance Agency, Inc. Blog

Trends Shaping Health Insurance and Health Care in 2020

1/21/2020

0 Comments

 
Picture
As a new decade begins, the health insurance industry is on the cusp of making a leap towards improved, higher-tech management of health plan participants.

A recent paper by Capgemini, an insurance technology and consulting firm, predicts the following trends that will be taking shape in the health insurance industry and how they may affect businesses that are paying for their employees' coverage.

1. Realigned relationships - Insurers are trying to shift risk between themselves and pharmaceutical companies in an effort to reduce drug outlays. The report says insurers are also working more closely with health care providers for early intervention in medical issues that may be facing participants. Addressing health issues early can reduce long-run treatment costs.

2. Fluid regulations - As we've seen, just because the Affordable Care Act became the law of the land, the regulations governing health care and health insurance have continued streaming out of Washington. If the last two years are any guide, this will continue to be the case. Also, the constitutionality of the ACA is now being litigated once again after an appeals court upheld a lower court's ruling that the individual mandate is unconstitutional.

3. Increasing transparency - More stringent regulations, along with President Trump's recent executive order to improve price and quality transparency, are forcing the health care industry and insurers to become more transparent in their pricing.
One of the biggest focuses is on the drug industry and the role of pharmacy benefit managers, the largest of which have been criticized for being opaque in their pricing, discounts and how they handle drug company rebates.

Also, insurers are increasingly providing detailed information regarding services covered under their health plans, claims processing and payments. Additionally, some insurers are helping enrollees to make more informed decisions before they use a health care service by providing digital tools to help them reduce out-of-pocket expenses.

4. Predictive analytics - Health insurers are using predictive analytics for risk profiling and early intervention for enrollees with health issues. Predictive analytics provide insurers with insightful assessments of potentially high-risk customers, in order to mitigate losses.

With advancements in technologies such as big data and connected devices, insurers now have access to vast amounts of customer data, which can be used to remind people it's time for their check-ups, medications and other necessary medical services.
​
Insurers are using predictive analytics to identify and monitor high-risk individuals to intervene early and prevent further complications. This in turn can help reduce claims.
0 Comments

    Contact Us

    (281) 815-2003​
    11111 Katy Freeway
    Suite 910
    Houston, TX 77079​
    Click Here to Email Us

    Archives

    June 2022
    February 2022
    June 2021
    February 2021
    December 2020
    August 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    October 2019
    September 2019
    May 2019
    April 2019
    December 2018

    Categories

    All
    ACA
    Affordable Care Act
    Auto Insurance
    BOP
    Business Insurance
    Business Interruption
    Business Owners
    Business Policy
    Business Travel
    Car Insurance
    Claim Rejected
    Claims
    Claims Adjuster
    Claims-made
    Coastal Residents
    Collision Damage
    Commercial Auto
    Commercial Flood
    Commercial Insurance
    Commercial Policy
    Commercial Property
    Compliance
    Construction
    Contractors
    Coronavirus
    COVID 19
    COVID-19
    Cyber Attacks
    Cybercrime
    Cyber Risks
    Damage Estimate
    Directors And Officers Liability
    Drive Other Car Coverage
    Elevation Certificate
    Employee Benefits
    Employees
    Employer
    Employment Practices Liability
    Epinephrine
    Excess Umbrella
    Executive Order
    FAQs
    FEMA
    Filing A Claim
    Financial
    Flood
    Flood Damage
    Flood Insurance
    Flood Map
    Flood Mapping
    Flood Risk
    Flood Risk Zones
    Flood Safety
    Flood Smart
    General Liability
    Group Health
    Guidelines
    Health Insurance
    Health Plans
    Home
    Homeowners
    Hurricane
    Hurricane Preparation
    Insulin
    Insurance
    Insurance Certificates
    Labor Law
    Liability Protection
    Litigation
    Local
    Managing Risk
    Medications
    National Flood Insurance Program
    NFIP
    Non-owned And Hired Coverage
    Officers Insurance
    OSHA
    Outpatient Drugs
    Personal Accident Insurance
    Personal Effects Coverage
    Pharmacies
    Preparing
    Prescription Drugs
    President Trump
    Private Flood
    Private Flood Insurance
    Professional Liability
    Property Insurance
    Rental
    Rental Car
    Rental Car Insurance
    Rental Coverage
    Reporting A Loss
    Risk Management
    Safety
    Storm
    Subcontractors
    Telecommuting
    Vehicle Insurance
    Waivers
    Workers' Comp
    Work From Home
    Workplace Safety
    Work Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Colsa Insurance Agency, Inc.​
11111 Katy Freeway
Suite 910
Houston, TX 77079
(877) 992-6572​
Click Here to Email Us

Location

Website by InsuranceSplash
Photos used under Creative Commons from wuestenigel, verchmarco, OregonDOT, Ivan Radic, wuestenigel, Tony Webster, drewgstephens, moodboardphotography, wuestenigel, Rainbow International Franchise, collections.otautaumuseum, Key West Wedding Photography, pburka, havens.michael34, wuestenigel