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for mobile version Addressing Plan Selection Bias With Risk Adjustment: Milliman Insights on Morbidity and Employer Contributions |
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Employees value choice when it comes to health benefits. When employers
facilitate these choices, the method for setting employee premium
contributions can create selection bias toward certain options.
Selection bias happens when a sicker and more costly population tends to
choose one option over another. In order to reduce the selection bias,
employers should adjust each option for morbidity. Risk adjustment is
used to adjust applicable costs of two or more cohorts of people so all
cohorts can be compared as if each had the same morbidity. In this webinar, on Thursday, January 16 at 1PM Eastern, Milliman helps to provide a deeper understanding of the concepts of selection bias and risk adjustment, the methodologies involved in setting contribution levels without and with risk adjustment, and insights and implications of the application of risk adjustment in various settings.
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