Transparent PBM's are becoming more popular in the employee benefits world, and Rachel Strauss of EHIM sat down with me for installment 4 of Self-Funded w/ Spencer on the Road.
Rachel discuss the problem with "rebates", and now employers view them as free money. It's no different than getting money back on your taxes - it means you are overpaying and having to wait for your money to be returned back to you at the end of the year.
To me, I made the analogy between rebates and an Experienced Reward on a stop loss contract, where you pay more premium up front in the hopes of having more of it returned at the end of the year.
Rachel also helped remind me to give a shout out to my hopefully one day future sponsor - Waterloo Sparkling Water : )
Here is the registration link for the next Future of Benefits in Business conference in St. Louis, MO at Busch Stadium on 4/12/22.
