Behind the Numbers: 2011 Medical Cost Trends

 
 
 
  Tuesday, July 12th, 2011
1:00 p.m. to 2:00 p.m. Eastern (10:00 - 11:00 a.m. Pacific)
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  Register for $195
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      Emerging megatrends for employer health strategy over the next 3-5 years
      Detailed PwC research findings on 2011-2012 costs, trends and strategies
 
 
      Detailed research data findings from PwC 2012 Behind the Numbers Medical Cost Trend Report
      Detailed research data findings from PwC
2011 Touchstone Health and Well-being Employer Survey
      Implications for Employers and other applicable stakeholders regarding these trends and findings
     
PwC insights on emerging megatrends for employer health strategy over the next 3-5 years
  Faculty:
Mike Thompson
Principal, H.R. Services PricewaterhouseCoopers
  Faculty:
Jack Rodgers PhD
US Health Policy and Economics, PricewaterhouseCoopers
 
 
Overview
  
Healthcare organizations are in state of flux over an uncertain economic outlook and financial pressures and the way they react will have significant implications for their own long-term health in this rapidly changing market. Employers, providers, insurers and pharmaceutical manufacturers are pressured to be more cost-conscious and accountable for costs, quality and performance, and they will need to work together to provide better, coordinated care, greater transparency in pricing and more patient-friendly practices.

Employers continue to be concerned about the sustainability of healthcare cost increases especially in the long-term, and they are reacting by making changes now. Healthcare in the future will be very different than we know it today, and uncertainty about these changes complicates healthcare benefits strategies. However, the most proactive employers are planning for potential future scenarios and making incremental changes now toward a longer-term view of transformational change in the way healthcare is delivered and paid for and a more collaborative and integrated model aligned around health and wellness.

In this session, PricewaterhouseCoopers' Michael Thompson and Jack Rodgers expand upon significant research findings from two major PwC studies: the 2012 PwC Health Research Institute Behind the Numbers Report and PwC’s 2011 Touchstone Health and Well-being Employer Survey. The speakers will then offer resulting PwC insights on emerging megatrends for employer health strategy over the next 3-5 years.

The PwC 2012 Behind the Number Report indicates that U.S. employers can expect to see healthcare costs rise by 8.5 percent in 2012, compared with an increase of 8 percent in 2011, according to the annual Behind the Numbers report on medical cost trends, published by PwC’s Health Research Institute. However, mitigating changes in health benefit plan designs, including increased cost-sharing with employees, could keep employers’ costs increases to an average of 7 percent next year. Meanwhile, American workers are beginning to show signs of post-recession stress and the effects of delayed care taking a toll on their health.

As part of the 2011 Touchstone Health and Well-being Employer Survey, PwC asked employers about changes they are making in their benefit plans. The survey found that 86% of employers said they are likely to re-evaluate their overall benefits strategy.

This event provides stakeholders - including employers, health plans, providers and pharmaceutical companies - the opportunity to not only possess cutting-edge data on a spectrum of employer health plan benefit issues, but also gain key specific insights into how employers are positioning themselves strategically for incremental changes in the short term and more transformational changes over the next five years.
 

 
Learning Objectives
 
Participants will be able to:
  1. Identify emerging megatrends for employer health strategy over the next 3-5 years
  2. Explore PwC research data findings from the Behind the Numbers 2012 Medical Cost Trend Report and the 2011 Touchstone Health and Well-being Employer Survey
  3. Consider the implications for Employers and other applicable stakeholders regarding PwC research findings
  4. Understand the primary deflators and inflators driving current medical cost trends
  5. Examine the range of actions and changes employers are undertaking or planning in regard to the health benefit environment
  6. Engage in interactive learning through online question submission, attendee feedback and opportunity for follow up questions, and networking with attendees, faculty and other professionals through dedicated LinkedIn group
     
Who Should Attend
  
Interested attendees would include:
  • C-Suite Executives
  • Health Benefit Executives and Staff
  • Human Resources Executives
  • Strategy and Planning Executives and Staff
  • Marketing Executives
  • Business Development Executives
  • Actuarial Executives and Staff
  • Business Intelligence Staff
  • Informatics and Analytics Executives and Staff
  • Other Interested Parties

Attendees would represent organizations including:

  • Employers
  • Health Plans 
  • Third Party Administrators
  • Agents and Benefit Consulting Organizations
  • Pharmaceutical Organizations
  • PBMs
  • Provider Networks and Accountable Care Organizations
  • Hospitals and Health Systems
  • Solutions Providers 
  • Associations, Institutes and Research Organizations 
  • Media
  • Other Interested Organizations
Registration
  
Individual Registration Fee: $195
. Audio Conference CD-ROM: $40 for attendees; $285 for non-attendees after the event.

Corporate Site licensing also available. Click here to register or call 209.577.4888 We look forward to your participation in this event!

 
Faculty
 
 
Mike Thompson, PwC
Mike Thompson
Principal,
Human Resource Services, PricewaterhouseCoopers
  Michael Thompson is a Principal at PricewaterhouseCoopers with over 25 years of experience in healthcare and employee benefits strategy, product development and implementation, design, financing, operations and analysis. Mike consults with major employers and other stakeholders on sustainable cost reduction, integrated health, wellness and consumerism, retiree health, and health reform.

Mike serves as one of PwC's national thought leaders for health strategies for the health industries practice, leading subject matter specialist on health reform and has participated on the steering board of the World Economic Forum "Working for Wellness" initiative. For the past decade has been a leader in developing and promoting collaborative cross-sector health industry initiatives.

Mike is a Fellow of the Society of Actuaries (SOA) and serves on the Health Practices Committee, Disease Management Committee, Medicare Committee as well as chair of the Quality Initiatives Work Group of the American Academy of Actuaries (AAA) which has release issue briefs on pay-for performance, comparative effectiveness and value-based insurance design. Mike also serves on the boards of the New York chapter of the National Alliance on Mental Illness and the New York Business Group on Health.
 

 

Jack Rodgers PhD
US Health Policy and Economics, PricewaterhouseCoopers
  Dr. Jack Rodgers has more than thirty years of experience with federal health policy and legislation related to health services and healthcare reform. He has written extensively about issues such as expanding health insurance coverage, Medicare provider reimbursement, and healthcare systems reform. While at PwC, Jack has assisted major healthcare organizations in evaluating the impact of federal legislation from the Clinton health proposals in 1993-1994 to the current economic stimulation package.

During the past eight years, he has written extensively on the impact of the Medicare prescription drug benefit on the various healthcare industry stakeholders. He served as a consultant to President Clinton's White House Task Force on Health Reform as part of a group of experts who audited the quantitative estimates of the President's health reform plan.

Before joining PwC, Jack was principal analyst for health at the Congressional Budget Office for nine years where he worked on the 1987 Medicare prescription drug legislation and also analyzed the first Bush Administration’s proposals to expand coverage. He holds a Ph.D. in Economics from the University of Minnesota.
 

 
 
 
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