5 strategies for lessening the self-insurance impact of the ACA.
Many healthcare organizations use self-insurance programs to control professional liability and workers' compensation exposures, such as self-insured retention, a large deductible program, a trust fund, or a captive. The impact of the Affordable Care Act on self-insurance programs may take years to determine. Communication among all areas involved in the self-insurance program and the evaluation of different cost perspectives will be key to keeping the self-insurance program financially healthy. Empowering actuaries to create different scenarios also will help leaders stay on top of the issue.
Richard C
RC
Frese
D003142:Communication; D003365:Costs and Cost Analysis; D006739:Hospital Administration / Q000191:economics*; D006801:Humans; D007351:Insurance, Liability / Q000191:economics*; D058991:Patient Protection and Affordable Care Act / Q000191:economics* / Q000331:legislation & jurisprudence*; D014942:Workers' Compensation / Q000191:economics* / Q000458:organization & administration