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Posts Tagged Healthcare
Seventy-five percent of health care spending is attributable to illnesses that are behavior-related and preventable, which explains why employers increasingly are focused on starting health improvement programs. Unfortunately, an all-too-typical employee response when asked about their employer’s program is, “I think we have something, but not many people use it.” So said Brad Cooper, CEO of US Corporate Wellness, a provider of employee wellness programs, during his presentation at the 2012 SHRM Annual Conference, held here June 24-27.
Five Frequent Errors
In case you missed it, here’s what happened on We Know Next this week.
Attracting and retaining a skilled workforce is the most important consideration among U.S. chief financial officers (CFOs) in weighing whether to continue offering employee health coverage, according to a survey by the Integrated Benefits Institute (IBI).
Most health benefit plans include some kind of wellness program. As costs rise, plan administrators hope that their wellness programs will help stem and reduce rising health plan costs. Plan administrators might harbor over-optimistic expectations of what a wellness initiative can deliver, however.
We can rank approaches to wellness as low, moderate and high impact.
Although the rate of health care cost increases, in the U.S. it is expected to remain stable in 2012. U.S. employers are taking more aggressive steps to manage their rising costs and improve employee health, according to the 2012 Employer Survey on Purchasing Value in Health Care by consultancy Towers Watson and the not-for-profit National Business Group on Health.
On March 12, 2012, the U.S. Department of Health and Human Services (HHS) published a final rule outlining a framework for state-run health care exchanges under the Patient Protection and Affordable Care Act (PPACA). The exchanges are intended to offer private health insurance options that meet government standards and to coordinate the eligibility of low-income individuals for premium tax credits and other assistance.
Enrollment in health savings accounts (HSAs) and health reimbursement arrangements (HRAs) continues to grow, but contribution patterns to these account-based health plans are changing, according to a February 2012 report from the not-for-profit Employee Benefit Research Institute (EBRI).