How Michigan health insurers are innovating despite uncertainty
While officials in Washington battle over how to restructure health care legislation, insurers in Michigan say they will continue to bring innovative products to market, improve patient health, increase employee productivity and keep health care costs at bay.
They have considerable challenges to overcome. According to AARP and the Centers for Disease Control:
- Retail prices for 261 of the 268 most commonly used brand-name prescription medicines rose 97 percent in 2015 — though inflation was only .1 percent.
- More than 500,000 Americans died from opioid overdoses from 2005 to 2015.
- Overweight employees with other long-lasting health conditions cost employers more than $153 billion annually in lost productivity.
On Sept. 12, Michigan Association of Health Plans and Crain Content Studio, the custom publishing division of Crain’s Detroit Business, gathered a group of health plan leaders and consultants to talk about their work amid these challenges and uncertainty.
Read the full story.