How Does Healthcare Reform Affect Businesses and Their Wellness Programs?





The following video, produced by CBS News, illustrates how small businesses may benefit the most from healthcare rectify:

According to this video and its accompanying article, some of the mighty goals of healthcare reform are to limit spikes in insurance costs and to incentivize businesses to comprise more workers.

But what about those larger companies that will have to pay more to cover their employees?  According to an thing by NPR, these companies will have to offer more benefits and consumer protections so as free preventive services and guaranteed direct access to obstetricians or gynecologists because of women.

Additionally, according to PricewaterhouseCoopers, health insurance costs are naturally going to rise in the coming year due to inflation, and the new benefits of healthcare reformation won’t take effect for another three years.  Some employers may deal with this projected 9% medical inflation rate by shifting costs to workers.

Alternatively, offering more preventative care and wellness programs for employees may actually boost the profitability of companies.  The National Business Group of Health (NBGH) claims that in favor of every dollar spent per employee on preventive services and health melioration programs, employers can get back three dollars in profit due to decreased absenteeism and increased productivity.

Despite the go in healthcare costs and other economic hurdles, a survey by Fidelity Investments and NBGH place that 91 percent of polled companies expect to keep their wellness programs unmindful of healthcare reform.  Their employee poll found that 47 percent of employees declaration they either participate in a workplace wellness program or would like to join united.

With demands for affordable and improved healthcare permeating the marketplace, companies of entirely sizes can be models for preventative healthcare implementation by means of their employee wellness programs.

It pays to precedence the way.

Best Practice Watch:  “Johnson & Johnson’s corporate wellness program could have existence a model for health reform”

BrownFlynn’s Employee Health and Wellness





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