Health insurance companies are on trial, and the charges are theft, deception, and even murder. Many Americans find the healthcare system’s cost, complexity, and quality to be criminal, but have we apprehended the right suspect? The Affordable Care Act (ACA) was referred to as healthcare reform. In reality, it was health insurance reform. The rates, coverages, and even profitability of health insurance companies are completely regulated as a result of the ACA. The key question voters must answer is whether health insurance companies are to blame for our health system problems. If they are, are they acting alone, or are… Full Story
The Holmes Murphy Foundation Grant Program has selected its inaugural recipients, which selected area nonprofits that align with the foundations pillars of At-Risk Youth Education, Health and Human Services, and Arts and Culture. The foundation has cumulatively awarded $30,000 to the following organizations: Cristo Rey Dallas, Austin Street Center, Children’s Medical Center of Dallas, and Community Partners of Dallas for grants this year. “Holmes Murphy is incredibly honored to have the opportunity to give to four organizations that help uplift the Dallas community,” said Chris Boyd, Senior Vice President of Employee Benefits at Holmes Murphy via release. “This year’s recipients… Full Story
Don Harrison will be Holme’s Murphy’s Vice President of Business Development for South and Central Texas, as the largest employee-owned broker in the country looks to to expand client relationships in the region. “After spending nearly a decade working with Don in the past, I’m thrilled to get another opportunity to join forces. With the goal of building the most talented brokerage and consulting team in the industry, there is no better leader than Don,” said Travis Brashear, Vice President, South and Central Texas Market Leader via release. “He has built his career on finding solutions based on the needs of his clients and… Full Story
Holmes Murphy announced 12 new employee shareholders this week, two of which are in Dallas, continuing as a privately-held independent insurance brokerage. Shareholders lead the company and help determine the direction of initiatives, establishing culture, and recruiting talent. The two new Dallas shareholders are: Claire Pancerz, Compliance Consultant, Employee Benefits Shawn Quildon, AVP – Client Service Director, Employee Benefits Holmes Murphy is an 87-year-old insurance brokerage that serves businesses via property casualty insurance, employee benefits, captive insurance, risk management and loss control.
The year was 2003, and a Fortune 500 company in Austin was looking to be the first employer with over 10,000 covered employees to launch a consumer driven health plan (CDHP). The savings the company realized from the federally mandated high deductibles would be redistributed in the form of Health Savings Account (HSA) dollars, so employees and their dependents could be better stewards of their own money. Coming out of an HMO era with low copays, the promise was that healthcare consumers needed “skin in the game” to impact the rising cost of healthcare. As famed economist Milton Friedman’s once… Full Story
One of healthcare’s greatest challenges is determining exactly how much an operation is going to cost. While a patient’s unique body and medical history can make it difficult for providers to predict the exact price, consumers are applying pressure to make healthcare more like retail, with open and transparent pricing. We acquired some research from healthcare consultants Holmes Murphy about how different hospital systems price for a major joint replacement. According to Holmes Murphy, $40 billion is spent in Dallas-Fort Worth every year on healthcare. In order to combat costs, they were employed by regional municipalities to form the North… Full Story
As opioid use continues to plague the country, employers are looking for ways to reduce addiction, missed work, and safety issues caused by addiction to highly addictive painkillers. Bonnie Merz is a Dallas-based Senior Claims Consultant at Holmes Murphy, and she advises employers about how to best manage risk in response to drug abuse. The healthcare industry is particularly vulnerable to this problem, as a Hazeldon Betty Ford study shows that Health Care Providers are more likely than the general public to abuse opioids. Starting in the 1840s when surgeons would abuse their own anesthesia for “ether frolics,” today 10 to 15 percent… Full Story