Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Bloxtel Showcases World’s First Asymmetric Mobile Network Authentication
    Bloxtel Showcases World’s First Asymmetric Mobile Network Authentication Business
  • Massage Chairs for Business Announces Partnerships with Leading Brands for Enhanced Corporate Wellness
    Massage Chairs for Business Announces Partnerships with Leading Brands for Enhanced Corporate Wellness Business
  • Wisdom can help prevent stress, which accounts for 75-90% of Primary Care visits in America
    Wisdom can help prevent stress, which accounts for 75-90% of Primary Care visits in America World News
  • ShopperAccess Is Live and Ready to Tackle Retail Theft
    ShopperAccess Is Live and Ready to Tackle Retail Theft Business
  • The capsule endoscopy market is expected to expand to .0 billion, registering a 12.4% CAGR
    The capsule endoscopy market is expected to expand to $2.0 billion, registering a 12.4% CAGR Business
  • Global Construction Elastomers Market Growth Trajectory
    Global Construction Elastomers Market Growth Trajectory World News
  • Joint Statement on OPCW Report Finding Syrian Regime Responsible for Chemical Weapons Attack in Douma, Syria on April 7, 2018
    Joint Statement on OPCW Report Finding Syrian Regime Responsible for Chemical Weapons Attack in Douma, Syria on April 7, 2018 World News
  • How She Bought a Business for ,500 and Helps Others Do the Same
    How She Bought a Business for $2,500 and Helps Others Do the Same Business
ParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and Inflation

ParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and Inflation

Posted on November 1, 2022 By NewsEditor
ParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and InflationParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and InflationEmployers are flocking to self-funding strategies to reduce costs of health insurance by leveraging scale

ParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and Inflation
Logo

ParetoHealth Logo

PHILADELPHIA - November 1, 2022 - (Newswire.com)

ParetoHealth has achieved a significant milestone with the 2000th employer joining its captive program, marking 715,000 covered lives. The company, which reduces the cost and volatility of self-insured employee health benefits, launched its captive program in July 2012 and has grown to be the nation's leading manager of employee benefit group captives.

The addition of the 2000th captive member represents significant growth for the program in the last 12 months. Given the momentum of the market and with a portion of the 2022 new business season still to come, these figures will rise by year-end.

Employers nationwide have turned to the ParetoHealth solution to reduce health insurance costs and improve the health of their employees, spurred by rising medical costs and economic inflation. These factors fuel employer demand for the type of long-term, sustainable benefit strategies offered by ParetoHealth.

This year's average cost of fully insured premiums was $7,911 for single coverage and $22,463 for family coverage, and inflation will increase these costs. Premiums are rising at a rate that is unsustainable for many employers. Data shows that ParetoHealth saves employers an average of 7.5% over fully insured rates in their first year. The savings grow over time, so an employer facing $2M in fully insured premium this year could save over $150,000 in their first year with ParetoHealth, $1.3M in five years, and $5.8M in ten years. The solution works, as evidenced by the company's explosive growth and further reinforced by ParetoHealth's 97% member retention rate.

"This is an incredible achievement and the result of passion-fueled work by the ParetoHealth team, our insurance consultant partners, our carrier partners, and most importantly, the employers that have become a powerful community of captive members. Together, we have created one of the only "network effects" in the benefits space. The greater the number of captive members, the better the program, and the better the program, the more employers want to be a part of it," said Andrew Cavenagh, Chief Executive Officer of ParetoHealth. "Scale is absolutely vital to a successful captive program. When the inevitable large medical claim hits, you want it distributed across the largest pool possible, so no employer feels the impact. For a program of our size, a large claim is like a ripple in the ocean."

Reducing volatility is just one benefit of a program of this size. "With each employer that joins the ParetoHealth community, with each bold decision to pursue a better way forward for health benefits, the solution gains buying power and access to new endpoint solutions, new ways of controlling costs, and the fresh perspectives of a diverse group of like-minded individuals," said Cavenagh.

"As exciting as the number 2,000 may be, the number that stands out is 'one.' We are one powerful community of captive members and the insurance consultants, risk management teams, and carrier partners who have come together to support them," said Andrew Clayton, President of ParetoHealth. "Together, we're achieving great things."

About ParetoHealth
ParetoHealth is the country's largest health benefits captive manager, with over $3B in healthcare benefits at hand, $900M in stop-loss premium under management, and over 700,000 covered lives. Contact Catharine Thurston at [email protected] and visit www.paretohealth.com.

###

Website: paretohealth.com

LinkedIn: https://www.linkedin.com/company/pareto-health


Contact Information:
Catharine Thurston
Senior Vice President
[email protected]


Press Release Service by Newswire.com

Original Source: ParetoHealth Grows as Employers Seek to Tackle Rising Healthcare Costs and Inflation
Business

Post navigation

Previous Post: NYS Inspector General and Navy SEAL to Speak at NYACT Conference for Law Enforcement and Insurance Professionals
Next Post: Savvy Cleaner Skyrockets Customer Experience by Landing New Brand Strategist Trina Hargett

Related Posts

  • Korean Sports Broadcasting Platform Exit Touches New Heights
    Korean Sports Broadcasting Platform Exit Touches New Heights Business
  • Criterion Energy Partners Announces Industry Advisory Group, Prepares for Texas Geothermal Demonstration
    Criterion Energy Partners Announces Industry Advisory Group, Prepares for Texas Geothermal Demonstration Business
  • ArtVersion Honored With w3 Gold Award for Internet Society Interactive Report
    ArtVersion Honored With w3 Gold Award for Internet Society Interactive Report Business
  • Users Share Their Transformative Experiences
    Users Share Their Transformative Experiences Business
  • Vilcek Foundation Announces Open Call for 0,000 in Prizes to Immigrant Designers
    Vilcek Foundation Announces Open Call for $150,000 in Prizes to Immigrant Designers Business
  • U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina
    U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina Business
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Serenity Blue by Kris Lin Wins Silver in A’ Interior Design AwardsOctober 30, 2025
  • FiniteNow Introduces Instant AI Proposals for Complex Simulation ProjectsOctober 30, 2025
  • Demand for Gene Therapy For Parkinson’s Disease Market is forecasted to reach a value of US $1.62 billion by 2029October 29, 2025
  • Europe Conipack Pails Market to Reach USD 3.3 billion by 2035October 29, 2025
  • Baucor Strengthens Industry Leadership by Expanding Its Product Line in Industrial Cutting and CNC Machining SolutionsOctober 28, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • War Day 118: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych  & #Feygin
    War Day 118: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Joint Statement on OPCW Report Finding Syrian Regime Responsible for Chemical Weapons Attack in Douma, Syria on April 7, 2018
    Support for Libyan Elections – United States Department of State World News
  • U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina
    Reflections on my first year as CDO for the US Department of Commerce Business
  • Nauru National Day – United States Department of State
    Nauru National Day – United States Department of State World News
  • Global Satellite Messenger Market Poised for Rapid Growth, Expected to Reach USD 2.72 Billion by 2033
    Global Satellite Messenger Market Poised for Rapid Growth, Expected to Reach USD 2.72 Billion by 2033 Aviation
  • War in Ukraine, Analytics. Day 838 (part1): What Are the Components of a Possible Defeat?
    War in Ukraine, Analytics. Day 838 (part1): What Are the Components of a Possible Defeat? World News
  • Under Secretary of State for Civilian Security, Democracy, and Human Rights Zeya’s Travel to The Gambia and Senegal March 12-14, 2023
    Under Secretary of State for Civilian Security, Democracy, and Human Rights Zeya’s Travel to The Gambia and Senegal March 12-14, 2023 World News
  • Classroom Teachers Association (CTA) Endorses Erica Whitfield’s Re-election to Palm Beach County School Board District 4
    Classroom Teachers Association (CTA) Endorses Erica Whitfield’s Re-election to Palm Beach County School Board District 4 World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .