Prime Advantage Blog

What to Do About Rising Health Benefits Costs

Mike McDonald on Aug 29, 2017 12:22:14 PM

As the cost of healthcare continues to skyrocket amidst sustained uncertainty with possible legislation, companies are scrambling to find solutions to weaken the pain. One method many organizations are starting to employ to combat escalating premium prices is leverage. In any business or negotiation, leverage provides a competitive advantage.  In employer provided health insurance, the same principle applies. The larger your pool of employees, the greater your risk dispersion, enabling you to have the power to contain and drive down costs.

Ninety-eight percent of companies with 1,000 or more employees are self-insured. Why? Because it’s the most cost effective solution to providing medical benefits available today. But Prime Advantage has harnessed the power of its group and taken self-insured to the next level. Our unique model allows companies with as few as 20 employees to enjoy the same plan flexibility and cost containment strategies that were previously unattainable.  And best yet, it’s scalable for any size organization, small, medium, or large.  

Watch the video below to see just how it works, or click here to find out more.


Topics: Healthcare

Mike McDonald

Posted by Mike McDonald

Mike is the Executive Vice President of Business Development for Prime Advantage, a Chicago based Group Purchasing Organization for mid-market manufacturers. Responsibilities include managing business development, marketing, and the GPO's Healthcare Cost Containment program. He’s been a featured speaker, published author, and recognized award winner within the supply chain community.

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