Health Insurance 4.o | Michigan Employers Summit

This event was hosted Tuesday, September 10, 2024 | 11:00a – 5:00p @ Grand Rapids Downtown Market

Reinventing Health Insurance

EMBRACING DATA, INNOVATION AND TRANSPARENCY

After a century of experimenting with employer-sponsored healthcare, employers are ready for a new era marked by data-driven decisions, customized funding models and transparency. 

Health Insurance 4.0 is a half-day event for Michigan employers to learn, share and celebrate the spirit of reinvention for this critical employee benefit. Hosted at the Downtown Market in Grand Rapids, the event will feature presentations from innovators driving the change including Nomi Health, Renovere, QBE, Stealth, and BAMF Health. Attendees will also enjoy a talk and performance from Brian Vander Ark of the Verve Pipe titled “Rags to Rockstar” and highlighting the theme of reinvention.

Watch the Recap

Really well done event! Great information with a great venue.

Thank you!!

Really enjoyed the panels / ability for Q&A with speakers.

 

[The event] was excellent…. great attention to detail.

Well done and congratulations!

Industry Presenters & Panelists

Mike Hill

Mike Hill

Founder, CEO of Total Control Health Plans

Mike has been advising employers on health care cost reduction strategies for two decades.  An expert in self-funded medical plans, Mike has helped employers implement varied solutions focused on reducing the cost of health care, such as direct contracting, direct primary care, and others.

Total Control Health Plans is a  strategic partner and benefits agency that helps clients to rebuild a self-insured healthcare plan that empowers employees, champions health and reduces cost like never before possible.

Brian Calley

Brian Calley

CEO, Small Business Association of Michigan (SBAM)

As President and CEO of SBAM, Brian puts his passion for Michigan’s small businesses to work. He serves as a director of a publicly traded community bank, and as a Trustee of Oakland University. Additionally, he sits on a number of boards for local organizations.

Calley had the honor of serving as Michigan’s 63rd Lieutenant Governor from 2011-2018. Prior to that, Calley served two terms in the Michigan House of Representatives, two terms as an Ionia County commissioner and worked for over a decade in community banking. 

 

Jocelyn Chambers

Jocelyn Chambers

VP of Client Development, One-to-One Health

Jocelyn has nearly twenty years of healthcare experience, focused on employee benefits and consulting. She spent 13 years building a boutique benefits brokerage and technology firm in Nashville, TN that was recently acquired by Gallagher. She was a key team member responsible for growing and maintaining their book of business over her tenure. She joined the One to One Health team in 2021 as VP of Client Development where she is passionate about creating and executing strategic partnerships and serving clients.

 

Heath Parker

Heath Parker

Senior Vice President of Strategic Growth, Nomi Health

Heath Parker is the Senior Vice President of Strategic Growth at Nomi Health, a direct healthcare company working to rewire the healthcare system with the goal of cutting the waste out of healthcare and reducing costs by 50%.

Nomi Health is committed to radically rebuilding healthcare through a simple, direct, and affordable approach for all. Nomi is a healthcare programs and payment company on a mission to rebuild healthcare at half the cost.

Troy Hanratty

Troy Hanratty

President & Co-Founder, Renovere Health and Health 180

Troy Hanratty is the President and co-founder of Health 180. Troy is known as a health insurance strategist and brings more than 23 years of employee benefit experience. Using a long-term strategy approach, he helps organizations take control of their health care. He has been impactful in helping employers move from fully insured plans to captive or self-funded options. Health 180 has solutions that identify and manage areas of need which allow for the implementation of appropriate cost containment programs and an unmatched level of success getting to the appropriate funding solution.

 

Dale Sagen

Dale Sagen

Vice President, Business Development Leader, QBE Accident & Health

Dale specializes in medical stop loss captive solutions that are designed for employers and their advisors. He has worked with many unique group captive programs and supported single parent captive owners with expansion into medical stop loss lines of risk. He believes the key to sustainable healthcare costs in America is to bring together best-in-class risk management procedures that control catastrophic risk which intern diminishes the ever-rising cost of corporate benefits.

 

Donald Lee

Donald Lee

SVP, Captive/Alternative Risk Programs, Stealth/Amwins

Donald has worked in the healthcare industry for over 20 years and currently serves as Senior Vice President, Captives/Alternative Risk Programs at Amwins/Stealth. In this role, Donald focuses on the development of meaningful alternative risk financing structures and cost containment solutions for employer sponsored health plans. Donald enjoys his role at Amwins because he can release his inner healthcare “nerd” around like minded people who are also trying to manage healthcare risk.

 

Jeremiah Johns, MD

Jeremiah Johns, MD

VP Medical Affairs, BAMF

Jeremiah leads clinical operations at BAMF Health. This includes the molecular imaging clinic that features CT, MRI, and PET scans utilizing some of the world’s most precise scanners, and BAMF’s molecular therapy clinic for precision medicine cancer therapies. Jeremiah has a background as an emergency medicine physician with a master’s in health informatics. Prior to joining BAMF Health, he served as Chief Medical Information Officer for Emergency Care Specialists, PC, a large independent emergency medicine group in West Michigan.

Deana Bjork

Deana Bjork

Physician Liaison, BAMF

Deana Bjork serves as the Physician Liaison for BAMF Health, a state-of-the-art molecular imaging and molecular therapy clinic. In her role, she focuses on building and maintaining strong relationships with physicians and their local healthcare networks. Deana creates seamless collaboration and enhanced patient care through innovative medical solutions at BAMF Health.

 

Closing Presenter

Thoughts from a veteran in reinvention.

 

Brian Vander Ark

Brian Vander Ark

Musical Artist & Speaker

Brian Vander Ark is the lead singer and songwriter for The Verve Pipe.

His solo career includes four studio albums. In 2007, he created the Lawn Chairs and Living Rooms House Concert Series, and has played over 800 shows in the homes of his fans. Brian also released an album of cover songs June 2016, and an additional album of songs written with actor/musician Jeff Daniels, released in the winter of 2017.

Brian is also a speaker, traveling the country throughout the year telling his story to financial institutions, schools, non-profits, and more.

Event Sponsors

Agenda

 

11:00a Arrival
Check-in & Networking
11:30a Lunch
Choose Your Own Culinary Adventure with Vouchers for any Downtown Market Restaurant or Vendor
11:45a Discussion & Networking Over Lunch
Bring your lunch back to the meeting space and connect with others.
12:10p Brian Calley – Small Business Association of Michigan (SBAM)
Reviewing the projected impacts of the recent Michigan Supreme Court ruling on paid sick leave and minimum wage.
12:30p Seminar Begins: It Will Take a Village – Health Insurance 4.o
Introductions and Remarks, Mike Hill, Total Control Health Plans
12:45p Jocelyn Chambers, One-to-One Health
Virtual Primary Care 2.0 – TextCare
Making concierge medicine available to more patients.
1:00p Heath Parker, Nomi Health
Direct Contracting of the Future + Q&A
Putting those that want to pay for high quality health care directly in contact with those that provide it.
1:40p Break / Coffee / Door Prize Drawing
1:45p

Panel Discussion – The Impact of Cost Containment Strategies

  • Troy Hanratty, Renovere Stoploss Captive
  • Dale Sagen, QBE Stoploss Underwriter
  • Donald Lee, Stealth Partner Group
  • TCHP (moderator)

Format will include brief introductions and then an in-depth discussion of the impacts of cost containment strategies used by attendees. Audience participation strongly encouraged.

2:25p Troy Hanratty, Health 180
Executive Physical In A Box
A proactive approach to managing risk.
 2:40p Total Control Health Plans
Is the HSA a Failed Experiment?
With emerging approaches, will the HSA make financial sense?
 3:00p Break / Door Prize Drawing
 3:05p Deana Bjork, Physician Liaison
& Jeremiah Johns, MD, VP Medical Affairs BAMF

Precision Healthcare – Introduction to a Bold Advanced Medical Future
 3:40p Total Controls Health Plans
Closing Thoughts & MI Employers Survey Results
4:00p Brian Vander Ark, Closing Presenter
Rags to Rockstar
Talk and Musical Performance
4:30p Happy Hour & Cocktails
5:00p Event Close

Past Event Summary

What: Health Insurance 4.0, a Summit for Michigan Employers

When: Tues, Sep 10 from 11:00a – 5:00p

Where: Grand Rapids Downtown Market – 2nd Fl. Conference Space
435 Ionia Ave SW
Grand Rapids, MI 49503

Who’s Invited: Michigan and Midwest Employers 

Why Health Insurance 4.0?

Since employers began providing health benefits to employees, the industry has gone through several periods of reinvention, each bringing about major benefits (and some unforeseen side effects) for employees. However, since the passage of the American Care Act, the industry has begun to accelerate in complexity with a financial burden that’s unsustainable for plan participants and employers alike.

Big healthcare is big business and like any business, it is looking to maximize margin within the constraints of the current system. However, without any real competition, these businesses are succeeding while employers and patients struggle to afford the cost.

 

The Evolution of Health Insurance

 

1.0 Ford Motor Company Sets the Precedent for Medical Coverage Among Major Employers

Henry Ford founded Henry Ford Health in 1915, advocating that a healthy workforce is paramount to his company’s success. Ford Motor Company was the first major employer to offer medical coverage, setting a significant precedent by providing quality care and promoting employee well-being for other companies to follow.
1.0 Ford Motor Company Sets the Precedent for Medical Coverage Among Major Employers

2.0 The Rise of the Common Deductible, All Things Covered Plan

As wage controls came into effect during World War II, the War Labor Board declared employer-paid health benefits exempt, driving demand for group insurance. Employers could now deduct their contributions toward employee health insurance as a business expense. This arrangement benefited both parties, as employees did not have to pay taxes on the value of their health insurance coverage.
By 1960, over 68 percent of the U.S. population was estimated to have a form of private health insurance. Insurance companies transitioned from community rating to experience rating to determine premiums for groups of people more or less likely to incur claims.
2.0 The Rise of the Common Deductible, All Things Covered Plan

3.0 Health Insurance After the Affordable Care Act

In 2010, the US passed a historic reform to ensure all individuals would have health insurance by 2014. In 2016, the individual mandate section of the ACA was eliminated, removing monetary penalties for large businesses that do not provide health insurance. Passage of the ACA in 2010 increased the complexity of our health insurance system significantly, exaggerating some misaligned incentives that have increased profits for major carriers / PBMs while passing unsustainable increases along to employers and employee rate payers.
3.0 Health Insurance After the Affordable Care Act