Risk Strategies Annual Education Practice Student Health Plan Survey Finds Controlling Cost Reemerges as Primary Concern; Student Mental Health Drops to Third [Yahoo! Finance]
CVS Health Corporation (CVS)
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Source: Yahoo! Finance
BOSTON, April 25, 2024 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management and consulting firm, today released the findings of its Third Annual Student Health Plan Benchmarking Survey, which showed controlling costs once again ranking as the top concern among university and college student health plan administrators. The survey results also showed mental health coverage continues to be a top-three priority for plan administrators. The survey of approximately 140 colleges and universities, conducted midyear 2023, revealed that the average student health plan cost mean increase rose in 2023 by 4.7%. In the past two years, student health plans had seen a full 5% rise in mean increase. Analysis of this year's survey responses indicates that the slight downward shift is primarily driven by fewer schools having rate increases of over 10% in 2023 compared to 2022. A top concern this year is the emergence of understanding cost driver
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