It's time the healthcare industry experienced a little revolution.

A few years ago, our clients’ healthcare prices were going up rapidly. Many of my clients were already on a path to unaffordable healthcare but didn’t yet know it.

A few experienced single-digit rate increases, a few large double-digit increases, but the majority were low double-digit increases.

The distribution curve of renewal rates for my clients looked just like the industry. We were nothing special.

As rates crept up, we started promoting Level Funded Self-Insurance from the big carriers. However, we didn’t really understand either one.

We were saving our clients’ money but it was a brief detour.

Within two years, our clients’ healthcare prices were back on their unsustainable path. All we did was postpone the inevitable.

Even low double-digit annual price increases mean your costs are doubling in 7 years or less.

Self-Insurance is merely a tool. It is one tool in the toolbox. Imagine if you were building a house and all you had is a hammer. Would you be able to construct something of lasting quality?

I learned a valuable lesson. If I’m truly to be a craftsman, someone who helped my clients build a healthcare plan of quality and affordability, I needed to learn how to use all my tools.