Monday, January 11, 2016

Companies Spawn to Shift Healthcare from Employer to Taxpayer

If you liked your plan, you are going to love Medicaid. 

... Employers have not historically played a significant role in helping workers enroll in Medicaid. But Gillingham’s insurance broker told him about a startup called BeneStream, which is based in New York City and facilitates enrollment in the government program. 
Company Shifts Insurance Costs To The Government 
Founded two years ago with seed money from the Ford Foundation, BeneStream now helps more than 6,500 workers at 125 companies across the country get Medicaid. CEO Benjamin Geyerhahn said moving workers from private insurance to Medicaid helps firms shift their costs to the government. 
“The savings is quite significant,” he said. “Our average is about 250 percent — so about two-and-a-half times the money you spend on us comes back to you in the form of saved premium.” ...