We all know U.S. health care is broken. For employers the impact is that employee health care benefits are increasingly and outrageously expensive and are quickly eating away at profitability for most firms. So what is your company doing about controlling health care costs – other than waiting for the slow and uncertain process of government to fix it all for you?
Employee health benefits are considered by most employers to be a frustrating but unavoidable cost of doing business. Most employers are simply paying the increases. Many employers have found ways to save by shifting some of the increasing health care costs to employees. The impacted employees are frustrated as a result. That’s why conventional wisdom asserts that, to be an ‘Employer of Choice’, you have to provide rich (read expensive) traditional employer health insurance, requiring very little if anything out-of-pocket from employees.
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