About Health Insurance Problems

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A number of different problems can crop up in the world of health insurance if you're not prepared. Learn about health insurance problems with help from a longtime insurance professional in this free video clip.

Part of the Video Series: Insurance FAQs
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Video Transcript

Hi, this is Tony Chimino. I'm the CEO of Assurance talking today about health insurance problems. In today's environment, there's basically only one major health insurance problem that most companies face and that is cost. I'd say over the past seven to ten years, most companies have seen the cost of their medical insurance at least double per employee per month and that is an unsustainable trajectory. To address this problem, all companies should be working with their insurance brokers to figure out what is their long term strategy to lower those costs. Can they become self-funded? Are they using wellness to their fullest capacity or should they add consumerism and consumerism driven products to their portfolio? These are a few of the ways people are addressing the biggest problem they have with health insurance today which is its costs. This is Tony Chimino giving you a bit of information about a major health insurance problem.


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