by Smith Brothers | Insurance
During periods of economic or business uncertainty, employers may need to downsize their workforce. Such reductions can take a variety of forms but frequently include employee layoffs or furloughs. Employers who take these measures must ensure that they are in...
by Smith Brothers | Insurance
The latest Patient Experience Survey by Pharmaceutical Research and Manufacturers of America (PhRMA) revealed that more than half (51%) of Americans with health insurance can’t anticipate what they’ll pay for prescription medications. Meanwhile, 38% of patients...
by Smith Brothers | Insurance
Health care costs, and consequently employee benefit costs, have been growing at an alarming rate in recent years. Estimates show a similar growth in 2025 spending to 2024, marking years of compounding costs. As such, several industry surveys and reports reveal that...
by Smith Brothers | Insurance
With the fast-changing nature of cyberthreats, cyber insurance can be an especially volatile and dynamic segment, and frequent market changes can make pricing predictions difficult to pin down. The CrowdStrike and Change Healthcare incidents highlighted the greater...
by Smith Brothers | Insurance
The Centers for Medicare and Medicaid Services (CMS) has issued a proposed rule that would allow Medicare Part D prescription drug plans to cover anti-obesity medications. Historically, drugs used for weight loss have been excluded from the definition of a covered...
by Smith Brothers | Insurance
The 2024 Best Practices in Healthcare Survey by WTW found that increasing health care costs are driving employers to focus on redesigning health care plans to improve affordability. According to the survey, more than half (51%) of U.S. employers expect to redesign...
