Benchmarking is a Metric, Not a Strategy

Al Schiebel discussing the difference between health insurance benchmarking and actual cost-control strategies. Text overlay: "Averages don't control costs."

Benchmarking is useful, but it is not a strategy. I see this all the time: A company benchmarks their health plan, their broker tells them they are “right in line with the market,” and for a moment, that feels good. It’s a relief to be average—until the renewal hits and nothing has changed. The problem…

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