Recent data tells a concerning story about employer health plan costs. According to an October 2024 survey by the National Alliance of Healthcare Purchaser Coalitions, employers facing rising health plan costs that hurt their ability to compete has jumped from 35% in 2022 to 48% in 2024. This striking increase highlights a growing crisis in employer-sponsored health plans.
The Rising Cost Challenge
As health plan costs climb, employers often face difficult choices:
Increase deductibles and copays
Raise premium contributions
Reduce coverage options
These adjustments put more financial strain on employees while potentially limiting access to care.
But there's good news: the survey revealed that employers who eliminate traditional intermediaries through direct contracting are 50% more likely to see lower than average costs.
A Better Approach: Direct Contracting
At Sympl Benefits, we're creating positive change in Southwest Michigan through direct contracting. By building direct relationships between employers and healthcare providers, we're bypassing traditional middlemen and their associated costs.
Our approach includes:
Creating a carefully selected network of high-quality providers
Establishing direct payment arrangements that benefit both providers and employers
Providing 24/7 support through our SymplCare team to help employees navigate their care options
How Direct Contracting Works
When employers work with Sympl Benefits, they gain access to our growing network of directly contracted providers in Michigan. Our SymplCare team helps employees find the right care at the right price, ensuring they can make informed healthcare decisions without financial barriers.
This system creates natural market competition, which helps:
Drive down overall healthcare costs
Maintain high-quality standards
Keep benefits affordable for employers
Eliminate out-of-pocket expenses for employees
Real Results
Our clients are seeing meaningful improvements in their benefits programs through direct contracting. By removing traditional intermediaries, they're able to:
Maintain consistent premiums
Offer better coverage
Eliminate deductibles and copays
Provide easier access to care
These improvements align with the National Alliance survey findings, which show that innovative payment approaches consistently lead to better cost outcomes for employers.
Let's Connect
Ready to learn more about how direct contracting can improve your benefits program?
Connect with us on LinkedIn to stay updated on the latest insights and success stories from employers who've made healthcare Sympl.
We regularly share tips, trends, and real examples of how we're helping businesses in Southwest Michigan provide better benefits at lower costs.
Reference: Data cited from the National Alliance of Healthcare Purchaser Coalitions' Pulse of the Purchaser study, October 29, 2024.
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