Fuzzy Math: Beware of benefits benchmarks

For readers of Employee Benefit News, Oswald’s Neil Quinn reminds them how the use of averages can obscure attention from critical data. He stresses that health plan reporting often contains book-of-business benchmarks for data such as in-patient visits, emergency room use, number of prescriptions, and other utilization and cost variables. So, your insurer is comparing your health plan performance to the average of every company to whom it sells insurance. If this strikes you as absurd, Neil asserts it should. Learn more...HERE