Health care consumerism is about more than high-deductible plans. The best-performing companies are using various tactics to engage employees and lower cost trends because they recognize that all employees may not be driven by financial incentives alone.
More Quotes from Ted Nussbaum:
Rather than using financial incentives to encourage seriously ill hospital patients to reduce plan spending, directing them to high-quality delivery centers will be far more effective in making them better consumers and controlling plan costs. In some areas of the country, using high-quality care centers may cut plan expenditures for the most expensive cases in half.Ted Nussbaum
Despite slower increases and better budgeting, health care costs remain a financial burden for most U.S. employers. Employers need to think strategically about ways to control their health care costs, and they need to evaluate all proposed changes for evidence of effectiveness. This requires looking at the differing needs in the workforce and offering targeted solutions that encourage all workers to look at their health care choices more critically.
Ted Nussbaum
The 8.5 percentage-point gap in cost increases between a best-performing and a poor-performing company is very significant. Through focused initiatives such as building data warehouses and using hard-dollar ROI calculations, best-performing companies lower cost trends, minimize employee absence and earn higher rates of employee satisfaction with their programs.
Ted Nussbaum
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Based on Topics: Consumerism Quotes, Health Quotes, Planning QuotesBased on Keywords: best-performing, high-deductible
The first duty of government is to see that people have food, fuel, and clothes. The second, that they have means of moral and intellectual education.
John Ruskin
I would rather have a competent extremist than an incompetent moderate.
Leon Jaworski
Paul's the writer. Yeah, I wrote a little of that stuff, but that's just technically true. In spirit, and in essence of the truth, it doesn't matter. So I don't know, maybe I'm being foolish for not being technical. Yeah, I wrote a certain portion of the things.
Art Garfunkel