Location Impacts Healthcare Cost, Quality, and Utilization

If you’re like me, when you hear the phrase, “location matters,” you immediately think of real estate. But location plays a more critical role in our lives than I knew. Where we live affects our overall health, life expectancy, utilization, quality, and the costs we pay for medical care and insurance.   Health Rankings, by...

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How Do Your Healthcare Costs and Utilization Rates Compare?

Per person spending for medical and pharmacy services reached $5,641 in 2017 for those with employer-sponsored healthcare, the highest it has ever been according to the 2017 Heath Care Cost and Utilization Report. Released on February 11, the Health Care Cost Institute report paints a picture of the rising costs and utilization trends in the...

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Cost of Chronic Disease to Reach $42 Trillion by 2030

I can’t even fathom how much $42 trillion is. But experts predict that it’s the price we will be paying for unhealthy behaviors, in both medical costs and lost productivity by 2030, if we don’t take steps to improve our health (Partnership to Fight Chronic Disease). The projections cover years 2016-2030: $2 trillion in medical...

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The Value of Employee Well-Being

Employers often deploy wellness programs in a vacuum, limiting the focus of what they address, such as a “know your numbers campaign” or a financial wellness plan. A total well-being strategy is a holistic view of well-being, breaking down benefits that were previously viewed separately. Health, financial wellness, life, and the workplace are all intertwined...

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Employer Healthcare Benefits: 2019 Medical and Rx Trends

Medical and prescription drug costs are projected to increase 6% in 2019, a rate that will outpace both inflation and wage earnings (PWC’s Health Research Institute). Several factors impact this rising trend (see Figure 1)—some driving cost increases and others helping to deflate them. Let’s look at the components impacting medical and Rx trends.  ...

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