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Large Employers Want More From Self-Funded Health Plans – AI Can Help

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Large Employers Want More From Self-Funded Health Plans – AI Can Help
Image: Getty. Article by Kumar Srinivas, Forbes Technology Council. Kumar Srinivas is the CTO for the health plan group at NTT DATA , working to democratize AI for healthcare through co-innovation.

Employers continue to look for ways to contain their healthcare spending, especially as costs keep rising. New Covid-19 legislation requiring additional benefits will boost costs further. Many insurers (or health plans) intend to provide coverage beyond the mandated Covid-19 benefits and are asking the self-funded plans they manage do the same.

Self-funded employer groups already bear the risk for the increased costs of their health plans. The health plans that take on administrative services only (ASO) contracts should look for ways to increase their value to these organizations, not just encourage them to take on greater costs. […]

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