Rise in Claim Frequency of Neoplasms Impact the Self-Funded Market, according to QBE's Latest Accident & Health Report [Yahoo! Finance]
QBE INSURANCE GP S/ADR (QBIEY)
NASDAQ:AMEX Investor Relations:
group.qbe.com
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Source: Yahoo! Finance
trends in healthcare spending to provide valuable insights for employers who offer self-funded health plans. As a leading provider of medical stop loss insurance, QBE leveraged its extensive claims database to analyze and share findings to help employers identify and mitigate risk. The report, which is released annually, notes the frequency of medical stop loss claims exceeding per 10,000 covered individuals rose at a rate of 39% from 2022. Consistent with prior year observations, neoplasms continue to have the highest claim frequency, accounting for 41% of all stop loss claim reimbursements in 2023, whereas premature births now exhibit the highest severity. "Cancer claims are rising at an alarming rate," said Tara Krauss , Head of Accident & Health at QBE North America. "At the same time, specialty drugs have significantly driven up treatment costs for certain types of cancer. As this trend develops, transparency into what's driving costs and how best to manage them will become
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