SlideShare a Scribd company logo
1 of 9
2013 Benefit Trends and
cost drivers




Presented by:
Donald Chu, CEBS
Principal | Benefit Consultant
604-808-0328
donald@benefitdeck.com
Trends
         Health care inflation tapered now at
         11.5, dental at 5.5% per annum;
         Causing average overall rate
         increase 7-10%
         Highest areas of usage:
         Drugs, Dental, Healthcare
         practitioners
         Diagnostics Specialist Access
         Insurance more popular: speed up
         specialist appointment and MRI
         Renewing interest in Health care
         spending account– starting with
         small budget
Top 10 employee benefits cost drivers
                               1. Aging demographics
                               2. Stress and mental health
                               3. Cost shifting – public vs private
                               plan
                               4. Higher incidence of chronic
                               disease
                               5. New high cost drugs
Top 5 Drugs (total dollars paid in millions)

   1995                  2000           2010
   LOSEC                 LOSEC          Remicade $ 8.4
   20mg  $1.5            20mg  $ 2.6
   PROZAC                CELEBREX       NEXIUM
   20mg   $1.3           200mg $1.3     40mg   $ 6.2
   IMITREX               PAXIL          CRESTOR
   100mg $1.0            20mg    $1.3   10mg  $ 5.5
   BECLOFORTE            LIPITOR        Enbrel   $ 3.6
   Inhaler 250mcg/Dose   10mg    $1.2
             $0.7


   ISOPTIN SR 240mg      LIPITOR        Humira $ 3.4
           $0.6          20mg    $0.9
Top benefit plan cost drivers


                            6. Open drug plan that covers all

                            7. Low generic fill rate, or no generic
                            substitute

                            8. Lack of employee awareness

                            9. Lack of workplace care

                            10. Medical Advances
Some Good News

                 Fewer teenagers reported smoking in 2012:
                 from 15% in 2003 to 10% in 2012

                 In 2012, more than half of Canadians adults
                 stated they were active, an increase from 2008

                 In 2012, breast cancer among Canadian
                 women was 98.4 cases per 100,000, a
                 decrease from 101.7 cases per 100,000 in
                 2000

                 In 2012, the incidence of lung cancer was 56.0
                 cases per 100,000 population, a decrease from
                 the 58.8 cases per 100,000 in 2000
Wellness reduces your cost
Possible solutions


   • Health awareness and Wellness
   programs
   • Employee education and
   communication
   • Monitoring and reporting
   • Open communication with your
   benefit consultant
   • Plan design
Thank you for attending




                          Donald Chu, CEBS
                          BenefitDeck Consulting Ltd.

                          www.benefitdeck.com

More Related Content

Similar to Benefit Trends and Cost drivers

Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
HPCareer.Net / State of Wellness Inc.
 
Learning from low and middle income countries about responding to non-communi...
Learning from low and middle income countries about responding to non-communi...Learning from low and middle income countries about responding to non-communi...
Learning from low and middle income countries about responding to non-communi...
University of warwick
 
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
HPCareer.Net / State of Wellness Inc.
 
An End To Blank Cheques, May 2011
An End To Blank Cheques, May 2011An End To Blank Cheques, May 2011
An End To Blank Cheques, May 2011
helen0101
 
SUN 2015 Specialty Drugs Bright Paper
SUN 2015 Specialty Drugs Bright PaperSUN 2015 Specialty Drugs Bright Paper
SUN 2015 Specialty Drugs Bright Paper
Mark Kempf
 
MedTech_Project01_SG06
MedTech_Project01_SG06MedTech_Project01_SG06
MedTech_Project01_SG06
Marc D Roup
 

Similar to Benefit Trends and Cost drivers (20)

Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
Successful Engagement Strategies and Return on Investment with Maryam J. Tabr...
 
Cost of Poor Employee Health: Measuring and Recovering Productivity in the Wo...
Cost of Poor Employee Health: Measuring and Recovering Productivity in the Wo...Cost of Poor Employee Health: Measuring and Recovering Productivity in the Wo...
Cost of Poor Employee Health: Measuring and Recovering Productivity in the Wo...
 
Creating New Opportunities Under Obama Health Care Reform
Creating New Opportunities Under Obama  Health Care ReformCreating New Opportunities Under Obama  Health Care Reform
Creating New Opportunities Under Obama Health Care Reform
 
Learning from low and middle income countries about responding to non-communi...
Learning from low and middle income countries about responding to non-communi...Learning from low and middle income countries about responding to non-communi...
Learning from low and middle income countries about responding to non-communi...
 
Why Wellness? Can Health Really Be A Business Strategy?
Why Wellness? Can Health Really Be A Business Strategy?Why Wellness? Can Health Really Be A Business Strategy?
Why Wellness? Can Health Really Be A Business Strategy?
 
Rx Medal Presentation
Rx Medal PresentationRx Medal Presentation
Rx Medal Presentation
 
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
Supreme Court Ruling: Implications For The Field Of Health Promotion with Pau...
 
Dr. Ileana Arias
Dr. Ileana AriasDr. Ileana Arias
Dr. Ileana Arias
 
Webinar 3: Alternative Approaches to Innovative Drug Pricing
Webinar 3: Alternative Approaches to Innovative Drug PricingWebinar 3: Alternative Approaches to Innovative Drug Pricing
Webinar 3: Alternative Approaches to Innovative Drug Pricing
 
Market-based Healthcare Reforms
Market-based Healthcare ReformsMarket-based Healthcare Reforms
Market-based Healthcare Reforms
 
An End To Blank Cheques, May 2011
An End To Blank Cheques, May 2011An End To Blank Cheques, May 2011
An End To Blank Cheques, May 2011
 
ONCOPHARMACOECONOMY-I, Prof. Dr. F. Cankat Tulunay
ONCOPHARMACOECONOMY-I, Prof. Dr. F. Cankat TulunayONCOPHARMACOECONOMY-I, Prof. Dr. F. Cankat Tulunay
ONCOPHARMACOECONOMY-I, Prof. Dr. F. Cankat Tulunay
 
SUN 2015 Specialty Drugs Bright Paper
SUN 2015 Specialty Drugs Bright PaperSUN 2015 Specialty Drugs Bright Paper
SUN 2015 Specialty Drugs Bright Paper
 
F. Cankat Tulunay M.D., Ph.D: Rational Drug Use and Pharmacoeconomy
F. Cankat Tulunay M.D., Ph.D: Rational Drug Use and PharmacoeconomyF. Cankat Tulunay M.D., Ph.D: Rational Drug Use and Pharmacoeconomy
F. Cankat Tulunay M.D., Ph.D: Rational Drug Use and Pharmacoeconomy
 
Risk reduction final-rev
Risk reduction final-revRisk reduction final-rev
Risk reduction final-rev
 
Kennebec Valley Chamber Womens network meeting 2011
Kennebec Valley Chamber Womens network meeting 2011Kennebec Valley Chamber Womens network meeting 2011
Kennebec Valley Chamber Womens network meeting 2011
 
Quit Smoking
Quit SmokingQuit Smoking
Quit Smoking
 
Dr. William Behan, GP, Walkinstown
Dr. William Behan, GP, WalkinstownDr. William Behan, GP, Walkinstown
Dr. William Behan, GP, Walkinstown
 
Qualcomm Life Connect 2013 - Jonathan Javitt, M.D., M.P.H.
Qualcomm Life Connect 2013 - Jonathan Javitt, M.D., M.P.H.Qualcomm Life Connect 2013 - Jonathan Javitt, M.D., M.P.H.
Qualcomm Life Connect 2013 - Jonathan Javitt, M.D., M.P.H.
 
MedTech_Project01_SG06
MedTech_Project01_SG06MedTech_Project01_SG06
MedTech_Project01_SG06
 

Recently uploaded

PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
nhezmainit1
 
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
EADTU
 
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdfContoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
cupulin
 

Recently uploaded (20)

PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
PS-Policies-on-Enrolment-Transfer-of-Docs-Checking-of-School-Forms-and-SF10-a...
 
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptxMichaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
Michaelis Menten Equation and Estimation Of Vmax and Tmax.pptx
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
How to Manage Website in Odoo 17 Studio App.pptx
How to Manage Website in Odoo 17 Studio App.pptxHow to Manage Website in Odoo 17 Studio App.pptx
How to Manage Website in Odoo 17 Studio App.pptx
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.ppt
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopal
 
8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management
 
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes GuàrdiaPersonalisation of Education by AI and Big Data - Lourdes Guàrdia
Personalisation of Education by AI and Big Data - Lourdes Guàrdia
 
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptxAnalyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"Mattingly "AI & Prompt Design: Named Entity Recognition"
Mattingly "AI & Prompt Design: Named Entity Recognition"
 
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...When Quality Assurance Meets Innovation in Higher Education - Report launch w...
When Quality Assurance Meets Innovation in Higher Education - Report launch w...
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdfContoh Aksi Nyata Refleksi Diri ( NUR ).pdf
Contoh Aksi Nyata Refleksi Diri ( NUR ).pdf
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUMDEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
 

Benefit Trends and Cost drivers

  • 1. 2013 Benefit Trends and cost drivers Presented by: Donald Chu, CEBS Principal | Benefit Consultant 604-808-0328 donald@benefitdeck.com
  • 2. Trends Health care inflation tapered now at 11.5, dental at 5.5% per annum; Causing average overall rate increase 7-10% Highest areas of usage: Drugs, Dental, Healthcare practitioners Diagnostics Specialist Access Insurance more popular: speed up specialist appointment and MRI Renewing interest in Health care spending account– starting with small budget
  • 3. Top 10 employee benefits cost drivers 1. Aging demographics 2. Stress and mental health 3. Cost shifting – public vs private plan 4. Higher incidence of chronic disease 5. New high cost drugs
  • 4. Top 5 Drugs (total dollars paid in millions) 1995 2000 2010 LOSEC LOSEC Remicade $ 8.4 20mg $1.5 20mg $ 2.6 PROZAC CELEBREX NEXIUM 20mg $1.3 200mg $1.3 40mg $ 6.2 IMITREX PAXIL CRESTOR 100mg $1.0 20mg $1.3 10mg $ 5.5 BECLOFORTE LIPITOR Enbrel $ 3.6 Inhaler 250mcg/Dose 10mg $1.2 $0.7 ISOPTIN SR 240mg LIPITOR Humira $ 3.4 $0.6 20mg $0.9
  • 5. Top benefit plan cost drivers 6. Open drug plan that covers all 7. Low generic fill rate, or no generic substitute 8. Lack of employee awareness 9. Lack of workplace care 10. Medical Advances
  • 6. Some Good News Fewer teenagers reported smoking in 2012: from 15% in 2003 to 10% in 2012 In 2012, more than half of Canadians adults stated they were active, an increase from 2008 In 2012, breast cancer among Canadian women was 98.4 cases per 100,000, a decrease from 101.7 cases per 100,000 in 2000 In 2012, the incidence of lung cancer was 56.0 cases per 100,000 population, a decrease from the 58.8 cases per 100,000 in 2000
  • 8. Possible solutions • Health awareness and Wellness programs • Employee education and communication • Monitoring and reporting • Open communication with your benefit consultant • Plan design
  • 9. Thank you for attending Donald Chu, CEBS BenefitDeck Consulting Ltd. www.benefitdeck.com