Recently, an employee benefits consultant had an interesting observation about high-cost claims. He said, “If I see a group’s claims are ‘running hot’ in a report, the first thing I do is flip to the back of the report and look at the high-cost claimants in the group.” While this statement sounds logical, it raises some interesting questions: Do high-cost claims drive a group’s overall claims trend? And if so, by how much? To answer these questions, Compass conducted some detailed industry research. We analyzed the claims of 14 groups (self-funded Compass clients), totaling 24,849 subscribers (approx. 50,000 total plan1Read Our Blog
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