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Self-funded member companies saw an average increaseof 6.1 percenr in medical costs for 2007 following the organization’s secondd year with Louisville, Ky.-based insurer The however, is about 4 percent lower than the Milwaukee market trend, said Dianne Kiehl, executive directof of the Franklin-based group. Coupled with the 14 percent reduction reportedefor 2006, self-funded member companiess saved $32 million since partnering with Humana in Kiehl said. “We’ve clearly said our goal is to beat the trenfgoing forward, which we’ve done,” Kiehl said.
Numbers were reportec after anindependent third-partg research firm analyzed data from 18 of the coalition’a self-funded businesses, representing approximately 55,000 health plan members. The coalitiob lost one of its largest members, the city of in January. The city is fullt insured and goes out to bideveryt year. Humana was outbid. The group has 26 self-fundecd companies as of 2008. Self-funded companiesa accounted for 65 percent ofthe 92,000 healthg plan members enrolled in plans linked to Humana Preferred in 2007, the plan creates for the Business Health Care James Mueller, executive vice president of Hilb Roga & Hobbs, a Wauwatosa insurance broker, said the coalition’sx numbers are in line with what he’w seen with other self-funded
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