Over the course of the past decade, the industry has seen a tremendous increase in the sophistication and costs of medical treatment options, including enhanced care of newborns, groundbreaking cancer treatments and pharmaceutical advancements like gene and cell therapies. These have created potentially big wins for patients with challenging diagnoses, but also brought about a continued trend in rising claim costs. As the costs have grown, so has the need to ensure appropriate coverage is in place with a carrier that has the right knowledge, experience and financial stability to help protect each client’s bottom line.
On this week’s episode of the Healthcare Happy Hour, sponsored by HM Insurance Group, Dan Parker is joined by president of HM Insurance Group’s Mark Lawrence and Eric Berg to discuss the importance of stop-loss coverage amidst this continued trend in rising claim costs.
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