Employee Benefit News December 4, 2019
For more than a decade, large employers have wrestled with providing quality healthcare to their employees and dependents while controlling costs. They have looked to plan design, burden sharing, value-based arrangements and digital apps — or sometimes all of the above.
Unfortunately, large employers still find themselves contending with high costs and poor outcomes. In fact, a recent study found that the average total cost of employer sponsored health coverage for a family plan has now passed $20,000 a year.
The root of the problem is that benefit leaders are stuck choosing from solutions that are not designed to be compatible with how their businesses are run. They are trying to solve a 21st century healthcare problem with 20th century...
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