Power of Choice
Can managed competition lower health-care costs?
Looking for a way to give employees health-care options while trimming your company's costs? In a growing number of states, small companies can now opt for greater flexibility and lower-cost health benefits through "managed competition."
How does it work? Essentially, employers choose--and pay for--a set of streamlined plans with fixed employer and employee contribution amounts. Employees choose from among these plans; those who want greater coverage may also select add-on options offered by multiple providers.
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