Before we joined the Consortium, we were under the control of Insurance Companies that would just arbitrarily increase the costs and say, “sorry, this is the best we could do.” Double-digit health insurance increases with no explanation is not a positive for employee engagement. Now, with the combined buying power of 34 banks we can still keep costs relatively stable, even if we had a year where there were many claims. The Consortium also provides the opportunity to become more educated about healthcare and its funding which is valuable given the uncertainty of the future.
