The Business Group Blog was created to share and discuss information about challenges and solutions to the health care benefits issues that large employers face today and tomorrow — such as controlling health care costs, reforming the health care delivery system, and engaging employees in their health and benefits — and will provide insight into national health policy issues. We hope you find this information useful and will consider subscribing to the blog and sharing any thoughts or ideas with us at firstname.lastname@example.org.
Across the health care system, treatment of mental health conditions has traditionally taken a back seat to physical health. The same is true for emotional well-being; for years, wellness programs have focused on behaviors like healthy eating, exercise and smoking cessation, and less so on improving the emotional state of the employee. But in recent years, mental health and emotional well-being have become increasingly important to health care providers, employers, health plans and, of course, employees.
Large employers have more potential partners than ever to choose from to connect employees to high-value care. The Business Group’s Marketplace identifies dozens of vendors that provide second-opinion services, transparency tools, medical decision-support programs, disease management and several other condition-specific programs. Dozens more exist and startups looking to partner with large employers are being created regularly.
With open enrollment in full swing at most companies, your employees may be wondering how your company's health plan compares to those available on the exchange.
Premiums for health plans on the federal exchange will jump an average of 25% for benchmark plans (tied to premium tax credits) next year. This increase is substantially higher than the 2% increases in 2015 and 7% this year.
At no other time in history have we had people across so many different age groups co-existing in the workplace: Traditionalists, Baby Boomers, Generation X, and Millennials. By 2017, Canada, France, Germany, Japan, Italy, U.K. and the U.S. will have at least 40% of employees aged 50 and older. They are predicted to retire within the next 10 years. This mass exit will lead to a shortage of senior and skilled workers. The millennial generation will not be able to fill all the open positions left by the retirees.
Each January, more than 100 human resources and benefits professionals come together for our annual Employers’ Summit on Health Care Costs and Solutions. The best practices and cutting-edge ideas brought forward at this event continue to show that innovation in health improvement and health care management in this country is driven largely by employers.
To bolster engagement in and sustainability of wellness and/or well-being programs, employers have to build a strategy that recognizes the importance of stakeholder buy-in at all levels.
Data show that 76% of companies currently offer programs or benefits to help employees improve their personal finances.1 Employers are taking a greater interest and role in the financial security of their employees for a number of reasons.