A 1,100-employee Midwest branch of a global metals manufacturer conglomerate was concerned with the double-digit increase in their per-employee per month (PEPM) health plan costs. USI presented the company with a reference-based pricing (RBP) plan alongside their national PPO plan and explained how RBP could change the trajectory of their benefits spending by significantly reducing claims costs.
The company was interested in the projected savings and agreed to implement an RBP plan alongside the national PPO. In the first year, the PEPM for the RBP plan was 57% lower than the PPO. The company saw continued success with the RBP; the RBP plan was 103% lower than the PPO plan in year two and 87% lower in year three.