News

Saturday 26th May 2007

Corporate bargaining bringing down health insurance costs

Online ‘Health Insurance and Protection’ magazine this week reported that corporate clients are shopping around more for the best value corporate medical insurance.

Third party administrators and insurance providers are increasingly attempting to get better deals with major private hospitals to bring down treatment costs with preferential/ preferred supplier rates.

There is also more evidence of insurers using “procedure pricing” to reduce the cost of claims by negotiating set prices for hospital treatment.

BUPA claimed “We can put volume through the hospitals so we can secure better deals.” Similarly, medical insurer Medisure explained it offered discounts up to 20% to ensure clients received the best value health care available.