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Addressing Plan Selection Bias With Risk Adjustment: Milliman Insights on Morbidity and Employer Contributions Thursday, January 16th, 2020 | 1:00PM - 1:45PM Eastern |
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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 session, Milliman's Ben Diederich 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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Please join us on Thursday, January 16, 2020, at 1 PM Eastern as Milliman's Ben Diederich shares strategies and methodologies for overcoming bias in employee plan selection by incorporating risk adjustment in setting employer plan contributions. Click here for detailed information or to register or call 209.577.4888. |
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