Milliman just released this video examining employer sponsored insurance and health care costs. The video offers a “101” on how ESI works, and has this great line on the impact of underlying medical costs on premiums (about 1:57):
“While there is a great deal of variety in how these cost dynamics behave, the common driver of increasing cost is the underlying cost of care—the cost of seeing the doctor, going to the hospital, buying prescription drugs—and the volume of each are what most determine health care costs.”
