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Employers for Better Health


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Employers for Better Health

  1. 1.
  2. 2. Purpose<br /><ul><li>Assist Employers in helping their employees live healthier and more productive lives and lower the cost of doing business.
  3. 3. Become a leading advocate for the concept of “healthy employers” in West Michigan</li></li></ul><li>Health Care Cost Crisis<br />In 2007, health care cost rose 6.9% to $2.3 TRILLION or 16% of GDP<br />In 2016 projected to be $4.2 TRILLION or 20% of GDP<br />In the absence of change health care spending will be 25% of GDP in 2025 , 37% in 2050, and 49% in 2082<br />Congress of the United States<br />Congressional Budget Office November 2007<br />
  4. 4. Employers<br />Health Insurance Expenses are the fastest growing cost component for employers<br />Premiums have been rising four times faster than workers earnings since 2000<br />The cost of health insurance remains the number one problem for business.<br />
  5. 5. Employee Contributions<br />The average employee contribution has increased more than 143% since 2000<br />Average out-of-pocket costs rose 115% since 2000<br />Higher deductibles and co-pays are causing many employees to skip preventive care and prescriptions<br />
  6. 6. The Problem – Insurance <br />Focus has been on managed care and reducing the number of days in the hospital<br />Limit cost by contracting with Doctors and Hospitals for Discounts<br />Quality of care not a high priority<br />
  7. 7. The Problem – Health Care<br />Hospitals and Doctors forced to react because that’s where they get paid <br />Unnecessary tests needed to protect them from lawsuits<br />Need to absorb cost of uninsured and gov’t program underpayments<br />
  8. 8. The Problem – Prescriptions<br />Drug Companies spend twice as much on promotion at it does on research and development<br />During 2004 they spent 24.4% of each sales dollar on promotion and 13.4% on research and development<br />The US spent $235.4 billion on prescription drugs in 2004 <br />Science News Jan. 7, 2008<br />
  9. 9. The Problem – Employers<br />Benefits cost 6 to 8 times more than work comp yet CFO’s don’t take the time to manage their benefit cost.<br />80% of HR managers do not have a finance background and primary function is administrative.<br />HR departments don’t have the extra time or expertise to do Health Promotion.<br />
  10. 10. The Biggest Problem…<br />And No Implementation<br />Information Overload!<br />
  11. 11. HRA Grants<br /><ul><li>Matching Service Grants for Health Risk Assessments
  12. 12. from $24.95 to $12.95 per employee!</li></ul>For information go to:<br />
  13. 13. Goals<br /><ul><li>Help to initiate the wellness conversation in West Michigan companies</li></li></ul><li>Together We Can<br />