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Bending the curve: Addressing rising costs in health care

In this white paper, we outline the main influencers of medical inflation — utilisation and unit cost — and share some of Aetna International’s medical cost containment (MCC) strategies, which temper the impact of fast-growing health care burdens.

Continuing a decades-long phenomenon, global health care costs are rapidly rising as:

  • populations age
  • chronic conditions become more prevalent and
  • the demand for health care services outpaces the supply

Our MCC strategies centre around value-based care delivered in the community – addressing rising health care costs, clinical inefficiency and duplication of services, and making it easier for people to get the quality care they need.

We believe that global health care systems and health and wellness partners must adopt similar strategies and must focus on budget as opposed to demand, and that the risk must be transferred to health care providers, hospitals and patients — not to shift financial responsibility but to focus on care that produces better outcomes.

Read the paper

About the authors

Kelvin Schleif leads medical cost management programs at Aetna International; he proactively works with U.S. and global leaders to identify opportunities to control cost trend and improve medical loss ratio (MLR).  Through this work, he and his team proactively and systematically find and address gaps in medical cost oversight through the use of advanced analytics and cross-functional process optimisation.  Kelvin is well equipped for this role with a diversified background in corporate innovation, management consulting, finance, and software engineering.

Donal O’Leary leads Actuarial and Underwriting at Aetna International.  He and his team are responsible for establishing the pricing, setting reserve levels, supporting the planning process, defining risk appetite and for developing the tools to execute against it. His team proactively manages the performance of the portfolio, identifying both rating and medical cost challenges, and developing solutions to manage.   Donal’s prior roles include spells as a consulting actuary and in reinsurance.

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You have been redirected to an Aetna International site. InterGlobal is now part of Aetna, one of the largest and most innovative providers of international medical insurance. We have combined our businesses to create one market-leading health care benefits company. This means we can better serve people who depend on Aetna International and InterGlobal to meet their health and wellness needs.

UltraCare policies in Vietnam are insured by Baoviet Insurance Corporation Limited, and reinsured by Aetna Insurance Company Limited, part of Aetna International. You can access our plans by following the links below:

Please read the terms and conditions of the Aetna International website, which may differ from the terms and conditions of www.interglobal.com/vietnam.

You may not be able to access certain secure sites and member pages on the Aetna International website unless you have previously registered for them or hold applicable policies.

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