{"id":50336,"date":"2023-09-29T00:00:04","date_gmt":"2023-09-29T04:00:04","guid":{"rendered":"https:\/\/roundstoneinsurance.com\/?p=50336"},"modified":"2023-10-17T09:12:43","modified_gmt":"2023-10-17T13:12:43","slug":"taking-back-the-american-dream-with-self-funded-healthcare","status":"publish","type":"post","link":"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/taking-back-the-american-dream-with-self-funded-healthcare\/","title":{"rendered":"Taking Back the American Dream with Self-Funded Healthcare"},"content":{"rendered":"<p><a href=\"https:\/\/rosettafest.org\/\"><span data-contrast=\"none\">While attending RosettaFest last month in Chicago<\/span><\/a><span data-contrast=\"auto\">, one thing was made abundantly clear: We have the cure for the disease that\u2019s rampant in the American healthcare system. We just need to take the medicine.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The problem is obvious to anyone with a pulse and a high premium to pay. <\/span><a href=\"https:\/\/www.medicaleconomics.com\/view\/new-study-estimates-us-healthcare-waste-costs-nearly-1-trillion-each-year\"><span data-contrast=\"none\">Close to $1 trillion is wasted in the nation\u2019s medical ecosystem<\/span><\/a><span data-contrast=\"auto\"> \u2013 resulting in skyrocketing premiums that <\/span><a href=\"https:\/\/www.americanprogress.org\/article\/health-insurance-costs-are-squeezing-workers-and-employers\/\"><span data-contrast=\"none\">have made healthcare a top business expense<\/span><\/a><span data-contrast=\"auto\">, second only to payroll for most midsize companies.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/health-insurance-cost\/\"><span data-contrast=\"none\">Why is healthcare so expensive<\/span><\/a><span data-contrast=\"auto\">? The reasons are many. The real question is how can we fix it?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This was the key topic at RosettaFest, \u201ca festival for the healthcare heroes who are restoring the American Dream.\u201d It\u2019s the premier event of Health Rosetta, a healthcare community of advisors, employers, and community leaders striving for the adoption of simple, practical, non-partisan fixes to our healthcare system.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/vimeo.com\/healthrosetta\/review\/856892844\/e25541c4e8\"><span data-contrast=\"none\">In his State of Health Rosetta address<\/span><\/a><span data-contrast=\"auto\">, Dave Chase, the founder of Health Rosetta, goes a long way in laying out the problem and explaining the cure.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/the-most-popular-group-health-insurance-program-is-not-what-you-would-expect\/\">Self-funding is a big part<\/a> of the prescription. <\/span><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funded-insurance\/\"><span data-contrast=\"none\">Most employers with over 1,000 employees self-insure<\/span><\/a><span data-contrast=\"auto\"> because they gain transparency, flexibility, and control, plus can save a lot of money on benefits. And <\/span><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funded-insurance\/\"><span data-contrast=\"none\">thanks to a self-insured Group Medical Captive<\/span><\/a><span data-contrast=\"auto\">, companies with only 25 employees can now self-fund their healthcare benefits with the same confidence as the Fortune 500s.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"auto\">How Healthcare Affects Us at Home<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Roughly <\/span><a href=\"https:\/\/www.kff.org\/report-section\/kff-health-care-debt-survey-main-findings\/\"><span data-contrast=\"none\">41% of adults are indebted to the healthcare system<\/span><\/a><span data-contrast=\"auto\">. Preventable medical deaths <\/span><a href=\"https:\/\/pubmed.ncbi.nlm.nih.gov\/28186008\/#:~:text=Recent%20studies%20of%20medical%20errors,third%20leading%20cause%20of%20death.\"><span data-contrast=\"none\">have become the third leading cause of death in America<\/span><\/a><span data-contrast=\"auto\">. And, as Dave points out, the <\/span><a href=\"https:\/\/www.sycamoreinstitutetn.org\/drivers-of-health\/#:~:text=In%20fact%2C%20a%20person's%20education,the%20individual%20and%20community%20level.\"><span data-contrast=\"none\">number one driver of health outcomes in America is income<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">American families and the employers who struggle to afford good benefits for their employees are affected.\u00a0 Many of our basic needs have fallen to the wayside because the cost of healthcare continues to spiral out of control. Dave called our healthcare system \u201cthe greatest and immediate existential threat to our country.\u201d <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">One surprising revelation Dave had to share: It\u2019s not so much that healthcare itself is so expensive. It\u2019s the system that\u2019s expensive. And until we address that system with <\/span><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/blog\/self-funded-insurance\/\"><span data-contrast=\"none\">practical and affordable solutions like self-funding in a captive<\/span><\/a><span data-contrast=\"auto\">, American families will continue to suffer.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We stand at a crossroads. The time for affordable healthcare has come \u2013 if we\u2019re willing to take a different path forward. We have a huge opportunity ahead of us. We can build sustainable healthcare models to improve lives, communities, and business outcomes by rejecting the status quo and choosing alternative approaches such as self-funding instead.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"auto\">Why Hasn\u2019t Self-Funding Gone Viral?<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With all the problems in the health insurance system, what is stopping us from fixing it? And with all the known benefits of self-funding in a group captive, why hasn\u2019t it spread like wildfire? <\/span><a href=\"https:\/\/pod.link\/layoftheland\/episode\/8daa77199ab73daa5fba3f0d432123df\"><span data-contrast=\"none\">In his \u201cLay of the Land\u201d Podcast<\/span><\/a><span data-contrast=\"auto\">, Jeffrey Stern asks this very question to Roundstone\u2019s Founder and President Mike Schroeder. It\u2019s a head-scratcher, but the biggest reason comes down to misaligned incentives in the healthcare ecosystem.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cIt&#8217;s in the best interest of the employer and employee to manage quality, affordable health care for their company,\u201d Mike said in the podcast. \u201cIt&#8217;s not always in the best interest of the intermediary to do so. It&#8217;s certainly not in the best interest of the traditional insurance company to do so. The providers, they&#8217;re kind of disconnected from it as well. And so not everybody\u2019s rowing in the same direction.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But it\u2019s getting there. Employers and advisors are realizing things have to change, but time is running out. In the next year, health insurance costs are expected to spike another 6.5%, <\/span><a href=\"https:\/\/www.wsj.com\/health\/healthcare\/health-insurance-cost-increase-5b35ead7?st=yda4lsq3ppis1by&amp;reflink=desktopwebshare_permalink\"><span data-contrast=\"none\">according to the Wall St. Journal<\/span><\/a><span data-contrast=\"auto\">. Employers can\u2019t sustain much more. More advisors realize they need to be part of a solution. They need to become heroes to companies that can\u2019t continue to keep up with outrageous healthcare inflation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"auto\">See What Success Looks Like: Fireside Chat with Dave Chase and Mike Schroeder<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Want to learn more about how to fix healthcare and take back the American dream?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/fixing-healthcare-and-taking-back-the-american-dream\/\"><span data-contrast=\"none\">Join our fireside chat with Dave and Mike<\/span><\/a><span data-contrast=\"auto\"> where we sit down, diagnose America\u2019s healthcare crisis, and prescribe a workable cure.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">I enjoyed moderating the discussion. It proved to be a fiery conversation between two industry leaders working to change the nation\u2019s healthcare system and save the American dream.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">You\u2019ll learn actionable steps you can take to build better benefits. You\u2019ll hear success stories from organizations that have solved healthcare\u2019s toughest challenges \u2013 and how you can too.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p>The session is <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/fixing-healthcare-and-taking-back-the-american-dream\/\">now available on demand<\/a>.<br \/>\n&nbsp;<\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\"> <a href=\"https:\/\/roundstoneinsurance.com\/excelsior\/fixing-healthcare-and-taking-back-the-american-dream\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-50496\" src=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/09\/2023-fall-webinar-CTA-on-demand-300x86.webp\" alt=\"2023-fall-webinar-CTA-on-demand\" width=\"1029\" height=\"295\" srcset=\"https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/09\/2023-fall-webinar-CTA-on-demand-300x86.webp 300w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/09\/2023-fall-webinar-CTA-on-demand-768x219.webp 768w, https:\/\/roundstoneinsurance.com\/excelsior\/wp-content\/uploads\/2023\/09\/2023-fall-webinar-CTA-on-demand.webp 778w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">While attending RosettaFest last month in Chicago, one thing was made abundantly clear: We have the cure for the disease that\u2019s rampant in the American healthcare system. We just need to take the medicine.\u00a0\u00a0 \u00a0 The problem is obvious to anyone with a pulse and a high premium to pay. Close to $1 trillion is [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":50346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1827],"tags":[],"class_list":["post-50336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Taking Back the American Dream with Self-Funded Healthcare | Roundstone Insurance<\/title>\n<meta name=\"description\" content=\"At RosettaFest, I realized we already have the cure to fix our ailing healthcare system. 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