“Businesses have faced skyrocketing health care costs for several years now, but they are just starting to understand the impact of the Affordable Care Act,” -Rich McKeown, president and CEO of Leavitt Partners and the chair of the Salt Lake Chamber Health System Reform Task Force.
Average Annual Premiums for Covered Workers with Families, 1999-2012$18,000$16,000$14,000 171% Increase from$12,000 1999-2012 Small & Large Firms$10,000 $8,000 Small Firms $6,000 Large Firms $4,000 $2,000 $0 2001 2006 1999 2000 2002 2003 2004 2005 2007 2008 2009 2010 2011 2012 Source: Kaiser Family Foundation. 2012 Employer Health Benefits Survey
Major Provisions of Health Care Reform Effective In 2014• Individual Requirement for Health Insurance (Mandate)• Health Insurance Exchanges• Guaranteed Availability of Health Insurance – Pre-Existing Conditions Covered – Allows rating variation based only on age, geographic area, family composition, and tobacco use• Employer Requirements – Larger employers will have to pay a penalty if they dont provide comprehensive, affordable coverage to their employees.
Employer’s Toolbox:Practical Steps for Businesses to Control Health Care Costs
Health and Wellness • Workplace Clinics and Biometric Screenings“By creating workplace • Self Careclinics, the company alongwith its employees have • Corporate Health Culture (Wellness Plans)reduced healthcare costsand saved money. Even – Fitnessmore impactfulhowever, has been the – Nutritiongeneral improvement ofeveryone’s health. ” – Obesity– Dallin Johns, – Tobacco-free workplaceHR Services Manager
Purchasing Insurance • Defined Contribution Model“As a small businessowner, our healthcare – Utah Health Exchangecosts had been increasingsignificantly each year.We had researched waysto save costs and did notfind any good optionsuntil we came across theUtah Health Exchange. “ • Self-funded Health Plans- Rick Walker, TheAvenues Courtyard
Information & Transparency • Clinical Health Information“Because individuals mustaffirmatively declare their Exchange (cHIE)cHIE, Zions Bank has made • UtahHealthScape.orgparticipation level in thethe decision to educate ouremployees about thebenefits of participation inthe cHIE. It’s a smallstep, but it can savemoney.”- George Myers, Senior VicePresident, HR Director, ZionsBank
Consumer Solutions • Health Savings Accounts & Health“Our employees made aseamless transition to the PlansHSA model and they arevery enthusiastic about • Health Reimbursement Accountsbuilding savings. Myemployees are also moresavvy consumers of health • Pharmacy Benefit Managercare today than before theywere empowered to maketheir own healthcaredecisions.”- Don Adams, president andCEO, Bear River Mutual
Boiling it all down“The Employer’s Toolbox gives me a look at whatother businesses have been able to do to containtheir costs. Every solution isn’t for everybusiness, but even implementing some of thesteps can help.”-Ray Pickup, chair of the Salt Lake Chamber Board of Governors and presidentand CEO of Workers Compensation Fund.
Contact• Michael Merrill, Public Policy Coordinator firstname.lastname@example.org• Find the Employer’s Tool Box at our website www.slchamber.com