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GLG News by Life & Health Insurance Consultants

Michael BermanAssistant Vice PresidentAON CONSULTING & INSURANCE SERVICES What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Medical Tourism Has Price Transparency - The United States Has Opaque Pricing

September 7, 2007

American's Gamble for Bargain Surgery Abroad | www.medpagetoday.com

The United States has very limited price transparency for medical providers and facilities. The lack of price transparency artificially raises costs in the United States because there is very little price competition for services.  This is true even in areas where there is excess capacity.

Michael BermanAssistant Vice PresidentAON CONSULTING & INSURANCE SERVICES What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Transparency to the Client is Paramount

July 24, 2007

Insurance brokers reconsider taking insurer commissions | www.marketwatch.com

Contingent commissions, if not disclosed, can result in brokerage clients not knowing how much they are paying for the services they receive from their risk brokers. A commission should be viewed as just an alternative to fee-based consulting.  In theory the amount of commissions received should equal fees a client is willing to pay as commissions are built into insurance premiums.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Creative Cost Containment for Healthcare Premiums

July 13, 2007

Insurer offers healthy bonus | www.denverpost.com

There are ways to control costs, reduce premiums and provide access to quality healthcare plans. Creativity in plan design and customization of plans are key areas insurers are exploring in order to meet the demands of current trends and to build and retain customer loyalty.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Commissions: To Take or Not To Take. The Debate Continues.....

July 13, 2007

Insurance brokers reconsider taking insurer commissions | www.marketwatch.com

The controversy of contingent commissions is not a new one. This debate has caused significant changes to our views of broker payments, disclosure, ethics, and loyalty. The central question started off as being one about disclosure. Theoretically, if the client is aware then there isn't an issue. If this article is any indication, the debate is far from over. Aon, Marsh, Willis Group and Arthur J. Gallagher have all dealt with repercussions from investigations. Even though full disclosure is now a standard business practice, the question still remains.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Healthcare: The New International Market

July 9, 2007

Borders are no barrier to affordable healthcare | www.latimes.com

There are two key considerations I think are very indicative of the changing times of American healthcare. First of all, the Consumer Driven Model emerging as the primary vehicle of healthcare insurance. And secondly, the effects on domestic medical costs should this trend continue.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Go eletronic or get left behind

July 9, 2007

"Hybrid" medical records an option for some hospitals | www.healthcareitnews.com

In an era of high speed information, it is unfortunate that our heatlhcare providers are lagging behind consumer demand. The transition from paper to eletronic is inevitable for all providers.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

changing dynamics of health costs

May 29, 2007

Retail clinics: Accepting the inevitable | www.fiercehealthcare.com

There are a number of new trends emerging in the care and delivery of health needs. One of the most prominent is the rise of retail health clinics. For the first time, Primary Care Physicians, an area traditionally unchallenged is facing competition.

Bilyana Savic, President

Bilyana SavicPresidentInsurance Insights What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

outsourcing - is it cost effective???

May 29, 2007

Insurance Outsourcing Focuses on India | www.insurancejournal.com

Insurers looking for cost cutting programs are interested in outsourcing operations and customer service functions. However, the success rate has been marginal. Outsourcing faces many challenges and will continue to do so until the Indian culture adapts its business models to ones compatible with our insurance practices.

Michael BermanAssistant Vice PresidentAON CONSULTING & INSURANCE SERVICES What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

You Need to Consider Drug Mix and Plan Design

May 29, 2007

Comparison of Mail Order with community Pharmacy Cost | www.amcp.org

It is universal that the mail order distribution channel has lower generic utilization than the retail channel.   PBM pricing is always better for mail order scripts versus retail.  In addition, plan design is a major component of net claim costs.

Michael BermanAssistant Vice PresidentAON CONSULTING & INSURANCE SERVICES What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Quality and Service Will Suffer With Outsourcing

May 28, 2007

Insurance Outsourcing Focuses on India | www.insurancejournal.com

Outsourcing won't work well until the Indian outsourcing firms develop the core competencies of key insurance operations.  

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