Health insurance companies finished strong in 2021 with higher than ever profits despite the many ups and downs of the pandemic. Health insurance giant, UnitedHealth Group (UHG), rose to the top with a whopping $17.3 billion in earnings. They have been the profit leader for more than two years now, benefiting greatly from the pandemic. […]
Why are my premiums so high? Insurance premiums can be shockingly expensive. Many factors contribute to the high cost of insurance premiums; becoming informed about each factor is the first step to addressing the problem. Information is key. The price of prescription drugs is a major factor driving the cost of health insurance premiums. Many […]
The ECCHIC Group featured in Forbes Magazine We received a call a few months ago from a representative for Forbes, Fortune & Entrepreneur. Evidently, they had heard about our program and inquired about writing a story about us. The attached article will be appearing in their magazines.
Team United to Help Employees Lower Cost Pharmaceuticals Good stories and happy endings are hard to come by these days – especially anything involving health insurance. But the Clark County Fiscal Court in Winchester, KY, who partnered with two local independent pharmacists and local insurance broker Danny Neely of Neely and Wade Insurance, have one: […]
By Howard Danzig It’s time to be clear on the right cost path through insurance companies. Prescriptions What is often overlooked is that getting a prescription to a patient through insurance companies and PBM’s follows the same cost path that a product produced at a factory travels to get to a consumer. When a factory […]
By Howard Danzig What if I told you you’re not powerless against rising health care premiums? Last week we finalized the details for a local municipality who was facing a 17% increase in premiums. Although their annual premiums were about $310,000 per year, they had no access to the information regarding the actual cost of […]
by Howard Danzig One of the pleasures the pro-active cost-management team at ECCHIC has is serving public organizations, including municipalities and public education organizations. While we enjoy helping all our clients stabilize their health and pharmaceutical costs while their employees get to keep the same benefits they enjoy, it just seems the stakes are a […]
By Howard Danzig I’ve long been known as a strong advocate for the small- and medium-sized business owner getting a fair shake and lower prices as they do right by their employees by providing good benefits and stabilizing the costs of it all. So why am I shaking my head? Because these are all a […]
By Howard Danzig In a recent video (#9 of my Frankly Speaking series), I discuss how the terminology of the insurance industry is actually working against it. Phrases and terms don’t mean what we think they mean. The result? They are able to protecting their high-priced middlemen. When you have a plan from a typical […]
By Howard Danzig What’s the answer to the $64,000 Question? Unbundling. ECCHIC recently took on a client in northwest Missouri who operates three small pharmacies with a total of 27 employees. Like so many small business operators, the owner was conditioned to believe that he had little choice when tasked with providing healthcare to his […]
