Zinser Benefit Service - Small Business Insurance
Individual Insurance, Group Insurance and Employee Benefits, small business insurance
On November 30, 2011 Ranbaxy Laboratories launched the generic equivalent for Lipitor, atorvastatin. Â Ranbaxy will be the sole manufacturer of this generic drug for the next 180 days. Â Other manufacturers of the drug will be available in May 2012.
The savings at the beginning will be minimal, but once May 2012 roles around we should see substantial savings. Â This means big savings to consumers and payers alike.
November is Diabetes Awareness Month. Â This is a cause that we personally have a stake in because my father in law had diabetes. Â Our family participates in the Louisville ADA walk each year. Â I’m also proud to say that my wife’s family is the number one fund-raising family and friends team. Â They’ve been number one now for I’d say at least the last six years.
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Here is a recent article about the rate review process that was started on September 1st of this year. Â HHS released a statement stating how this rate review process has helped keep premiums down. Â However, an industry trade group, America’s Health Insurance Plans (AHIP) states that the rate reviews focus too much on rate increases and not enough on the real issue, rising cost of doing business in the medical industry.
As of the writing of this article, there appears to be at least 8 states this year who have won in getting health insurance companies that were asking for double digit increases to lower their renewals. Â Kentucky is not one of these states.
There appears to be some validity to HHS promoting the success of these rate reviews. Â This article doesn’t go into why or how the states that have succeeded in getting double digit rate increases overturned, just that there are more states getting grants from the federal government to assist in these rate reviews.
http://aishealth.com//archive/nhpw092611-04
One of the driving factors for the increase of medical insurance premiums is the cost of prescription drugs. There is a prescription for everything. Twenty years ago, we weren’t walking into our doctor’s office asking for a prescription by name. Today we know the names of the prescription we want to take, and we ask our doctor WHY we’re not already on that prescription. If we can use generic drugs whenever the opportunity presents itself, [Read more…] about Brand Name Drugs vs. Generic Drugs
June is Men’s Health Awareness Month. This is a newsletter that United Health Care designed to be given to the man or men in your life. Men are notorious for ignoring their preventative health. This newsletter gives some information on when to get specific tests, and what tests you should be getting.
Also, with the ever growing popularity of Wellness plans, and getting healthy, this ties in great with what you’re trying to do with your employees or families.
There was a recent study that showed the majority of Americans are getting their health information from their employers. If you think about this it makes sense. Where else do we spend the majority of our time?
Please let us know if you have any questions or concerns.
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