Encore! EP419: The Financialization of Health Benefits for Boards of Directors and C-Suites of Self-Insured Employers, With Andreas Mang

Relentless Health Value™

Are you on the board of directors of a company? Or are you a shareholder of a publicly traded company? Or are you a CEO or a CFO or in-house counsel who reports to a board of directors or these shareholders? Well, this show is for you.

And it’s about how the healthcare industry has become financialized at the same time that providing health benefits has become the second-biggest line item after payroll for most companies. We talked about that in a recent encore with Mark Cuban (EP418) also, as well as the show with Cora Opsahl (EP452) and Claire Brockbank (EP453) from 32BJ.

In this encore episode of 'Relentless Health Value,' Stacey Richter interviews Andreas Mang from Blackstone about the financialization of health benefits for boards of directors and C-suites of self-insured employers.

They discuss the unseen financial layers in healthcare benefits and how companies can save significantly while improving employee satisfaction and health.

=== LINKS ===

🔗 Show Notes with all mentioned links: https://cc-lnk.com/EP458

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04:55 Why Andreas starts every conversation with the question, “How’s your healthcare company?”

07:38 Why is it important, as a self-insured employer, to treat your business as a small healthcare company?

09:16 Why is it unnatural for companies to be providing health insurance?

10:47 What can be achieved when there is alignment between employers and insurers?

12:41 What things can a company do to reduce spend by 10%?

14:14 Why is it better to have CFO engagement in the benefits plan throughout the year?

16:25 Why does self-insurance save 5% to 9% for companies automatically?

18:14 “The funding isn’t a healthcare thing; it’s a CFO thing.”

18:27 Why is it vital to have a reliable, trustworthy broker?

25:12 When is the last time your company has RFP’d their health plan?

27:39 Why does changing a health plan feel scary but is necessary?

28:31 What is a dependent eligibility audit?

31:20 Why are employers better together?

34:34 How do employers truly get a flat-fee model with brokers?