Inside the Spring 2018 Issue
The Changing Definition of Wellness
After decades of preaching to workers about the importance of staying fit and physically healthy, the term worksite wellness is beginning to mean much more to employers and employees alike. Leading companies are expanding their workplace wellness initiatives to address mental health and financial security – key components of their employee’s overall well-being that go way beyond physical health.
The National Business Group on Health shows that a majority of employers are addressing emotional and mental health as well as financial security as part of their overall well-being strategy. Other initiatives, such as support for community involvement and social interaction, are pointing to a growing trend of focusing on the entire person and not just physical health or fitness. Research is showing that addressing physical health is only one way to improve the workplace experience and reduce employee turnover. Read More >
Other Articles Include:
After years of watching big insurance carriers jockey for position, we now have retail giants striving to become one-stop, healthcare superstores, offering everything from doctors and pharmacies to health insurance. First came a bid by Albertsons to buy Rite Aid, then a proposed alliance between Berkshire Hathaway Inc., JP Morgan Chase and Amazon.com. A $77 billion offer by CVS to acquire Aetna was recently followed by an announcement that could send millions of Humana customers flocking to more than 6,000 Walmart stores nationwide. Read More >
Reference Based Pricing
While plenty of folks talk about reference based pricing as though it’s a fad that has come and gone, we’re finding more interest from employers all the time. This may be because many like to brand it as another form of disruption, but regardless of how you brand it, reference based pricing is becoming a more important part of our value proposition all the time. It’s becoming more widespread because it enables a self-funded plan to limit costs to an extent that few other measures, if any, can match. This is primarily because by negotiating in advance with hospitals to accept a schedule of fixed payments for certain healthcare services, carrier-sponsored provider networks can be bypassed. Read More >