Health Care Cost Growth
Until now, employers who think strategically about health benefits have been between a rock and a hard place. No matter which cost-saving strategies have been used, health costs have continued to skyrocket. If employers cut back too far or dropped coverage, productivity losses may far outstrip their premium costs.
Since 2002, health care premiums have risen relentlessly: almost 4.5 times as fast as general inflation nearly 4 times as fast as workers earnings. At recent health care inflation rates, premiums are doubling every 5-7 years.
The September 2007 Kaiser Employer Health Benefits survey found that few (12%-28%) employers believe conventional health plan cost containment tactics – self-insuring, better provider networks, reducing benefits, or increasing employee contributions – will be “very effective.”
The Onsite Clinic: An Old Idea Reborn And Updated
In the last two and half years, WeCare TLC has refined an innovative onsite clinic model and has implemented clinics of varying sizes – the smallest is for 65 employees and the largest is for 1,200 employees. All have proven successful.
