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Encore! EP419: The Financialization of Health Benefits for Boards of Directors and C-Suites of Self-Insured Employers, With Andreas Mang
Dec 19, 2024
In this insightful discussion, Andreas Mang, Senior Managing Director at Blackstone, shares his expertise in managing healthcare benefits for self-insured employers. He explores how health benefits have morphed into substantial financial considerations for companies, requiring active involvement from C-suites. Topics include the importance of selecting the right brokers, conducting dependent eligibility audits, and fostering transparency in health plans. Mang emphasizes a collaborative approach to navigate the complexities of healthcare costs, ensuring employers are not left at a disadvantage.
38:38
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Quick takeaways
- Employers must actively engage their CFOs and executives year-round to effectively manage healthcare expenditures and improve employee satisfaction.
- Transitioning to self-insured health plans can yield significant savings for companies, empowering them to control their healthcare costs more dynamically.
Deep dives
The Financialization of Health Benefits
The financialization of health benefits has made them the second largest expense for many companies, trailing only payroll. This shift has led to serious implications for both employers and employees, as businesses often lack insight into the complexities surrounding healthcare costs. If CEOs and CFOs remain detached from the financial aspects of health benefits, they risk allowing vendors to exploit the situation, leading to wasted resources. Employers need to recognize their role in managing health benefits as a significant part of their financial strategy, rather than as a mere administrative task.
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