Health Care Central

Health Care Central

Trend is the average forecasted change in health plans’ per capita claims cost determined by insurance carriers, managed care organizations and third party administrators. Many factors are taken into account when determining trend. Although there is usually a high correlation between trend and plan sponsors’ actual cost increases, trend and net change in year-to-year plan costs are not the same. Changes in the costs to plan sponsors can be significantly different from projected claims cost trends, reflecting such diverse factors as plan design changes, employee contribution rate increases, group demographics, carrier retention, margins, stop-loss coverage and artificial rate relief from the effects of competitive bidding. MMA Michigan closely monitors trends related to health care. We analyze industry trends to keep our clients informed on how their expected costs may increase year over year. This valuable information guides our clients in making their decisions on managing budgets and offering competitive employee benefit plans.

Click here for more information on the factors that influence trends
Click here for historical trend information
Click here for regional health care cost information
Click here for the latest quarter trends in the health care industry