Institutions that have joined to form health-care consortia are benefiting from cost savingsOct 8
National Association of College and University Business Officers
NANCY MANN JACKSON | October 12, 2016
Against the backdrop of mounting criticism over rising higher education costs, college and university business officers are looking for creative ways to cut those costs. For many, the area of escalating employee healthcare prices is an ideal place to start. Across the country, several groups of higher education institutions have joined to form health insurance consortia, working together to provide benefits to their employees at a fraction of the cost they once paid individually. "With the rising costs of higher education, anything we can do to lower that cost is important," says Tracy Hassett, CEO and president of edHealth, a health insurance collaborative launched in 2013 by 11 colleges and universities in the Boston area. "And working together to provide health insurance for employees is significantly lowering costs for the institutions participating in the program.
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NANCY MANN JACKSON, Madison, Ala., covers higher education business issues for Business Officer.
The National Association of College and University Business Officers (NACUBO) is a membership organization representing more than 1,900 colleges and universities across the country.