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Employers for Better Health

Employers for Better Health






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    Employers for Better Health Employers for Better Health Presentation Transcript

    • Purpose
      • Assist Employers in helping their employees live healthier and more productive lives and lower the cost of doing business.
      • Become a leading advocate for the concept of “healthy employers” in West Michigan
    • Health Care Cost Crisis
      In 2007, health care cost rose 6.9% to $2.3 TRILLION or 16% of GDP
      In 2016 projected to be $4.2 TRILLION or 20% of GDP
      In the absence of change health care spending will be 25% of GDP in 2025 , 37% in 2050, and 49% in 2082
      Congress of the United States
      Congressional Budget Office November 2007
    • Employers
      Health Insurance Expenses are the fastest growing cost component for employers
      Premiums have been rising four times faster than workers earnings since 2000
      The cost of health insurance remains the number one problem for business.
    • Employee Contributions
      The average employee contribution has increased more than 143% since 2000
      Average out-of-pocket costs rose 115% since 2000
      Higher deductibles and co-pays are causing many employees to skip preventive care and prescriptions
    • The Problem – Insurance
      Focus has been on managed care and reducing the number of days in the hospital
      Limit cost by contracting with Doctors and Hospitals for Discounts
      Quality of care not a high priority
    • The Problem – Health Care
      Hospitals and Doctors forced to react because that’s where they get paid
      Unnecessary tests needed to protect them from lawsuits
      Need to absorb cost of uninsured and gov’t program underpayments
    • The Problem – Prescriptions
      Drug Companies spend twice as much on promotion at it does on research and development
      During 2004 they spent 24.4% of each sales dollar on promotion and 13.4% on research and development
      The US spent $235.4 billion on prescription drugs in 2004
      Science News Jan. 7, 2008
    • The Problem – Employers
      Benefits cost 6 to 8 times more than work comp yet CFO’s don’t take the time to manage their benefit cost.
      80% of HR managers do not have a finance background and primary function is administrative.
      HR departments don’t have the extra time or expertise to do Health Promotion.
    • The Biggest Problem…
      And No Implementation
      Information Overload!
    • HRA Grants
      • Matching Service Grants for Health Risk Assessments
      • from $24.95 to $12.95 per employee!
      For information go to: http://healthtrackcoaches.com/
    • Goals
      • Help to initiate the wellness conversation in West Michigan companies
    • Together We Can