The future of health care as an employee benefit essay

During the next decade, the proportion of U. Among the predictions made in the mids were that there would be a physician surplus, a growing number of elderly people, an increase in the number of people in managed care plans, restructured health benefits, new technologies, more for-profit health care delivery, rising health care costs, and a restrained federal government role.

According to the conventional view, employees pay the full cost of coverage presumably because they believe that the benefits of health coverage are entirely for themselves. Therefore many employees utilize retirement benefits to supplement wages lost from no longer working.

The public role focuses on the collaborative efforts of employers to accomplish their objectives in local health care systems. However, the CTS findings to date suggest that employers will move cautiously in adopting these options, as long as labor markets remain competitive.

Employment-based insurance affects million workers and dependents, as well as five million early retirees in the United States Gabel et al. To do so overlooks the strong likelihood that individual employers, acting independently in their attempt to compete for labor, collectively had an important impact on the organization of health care delivery in their communities.

The self-employed, however, may deduct a portion of the amount paid for health insurance premiums—60 percent in —when determining their taxable income.

What Do Employers Gain? Cite this Article Blendon, Robert J. Health plans responded to employer demands by offering products with larger provider networks and more out-of-network options.

This ensures that the company operates within the legal frameworks by meeting specified legal obligations when developing an employee benefit plans. In a very few instances at the 12 study sites, providers even called on individual employers to play a direct role in their negotiations with health plans, asking employers to support demands for payment increases Strunk, Devers, and Hurley Each state administers a separate unemployment insurance program within guidelines established by federal law.

Consolidation among hospitals may have made comparative data less useful to employers. Tom Brokaw began the [ To have scalability is to be able to treat all one hundred employees at a low cost and with a very high level of effectiveness; to not have scalability is to have this service fail to serve those who most need it.

Thus, some employers pay above-market wages in order to reduce turnover, improve morale, and obtain the best performance from their employees. Sprint The majority of all corporations as well as most businesses offer all or most of the time off options listed which allows their employees to handle daily life un-expectancies as well as take much needed time off after their job is done.

In Syracuse, an employer purchasing coalition was under development at the time of our first site visit. Levy H, Feldman R. These are important issues, given that virtually all firms with two hundred or more employees offer health insurance, and employers pay 85 percent of the premium for individual policies and 73 percent for family coverage Gabel et al.

Conversely, the lack of insurance imposes burdens on workers and their families. By the third visit, it was clear that participation on the part of large employers would not meet coalition expectations.

The tiering of health care. However, the new approach to cost containment, which asks individuals to pay more for their own health care, is going to lead to tiering, in which those with higher incomes will be able to afford a wider range of health care services than much of the middle class and those with lower incomes.

It is now clear that infectious diseases remain a threat, which will likely lead to greater interest in specialization in infectious disease and in rebuilding the public health system.

However, we did not find any major benefit restrictions when we conducted our third round of data collection. Most employers pay both a federal and a state unemployment tax. For most health benefits managers, the challenge was to effectively balance the role of health benefits in competing for new workers and retaining existing ones; the pressures from top management to contain health care costs; and the impact of a wide range of constraints on their actions.

Employee Benefits

Notably, all employees are entitled by the law to fair compensation. Workers favor health care over pay raises: If this impasse could be broken during the next decade, then the United States could see solutions to many of these problems. The Private Role of Employers Our findings, based on interviews over the six-year study period and particularly interviews with human resource managers and health benefits consultants suggest that each of the perspectives described above is important, to varying degrees, for understanding the decision making of individual employers regarding health benefits.

Moreover, health insurers may exclude coverage for certain conditions, exclude coverage for some services, or deny coverage altogether for people with preexisting health conditions or who are perceived to be at high risk Pollitz, Sorian, and Thomas A Little Rock respondent suggested that employers influenced the market quietly through their contracting and benefits decisions.

In either case, these strategies were strongly influenced by conditions in the labor market. Providing protection against illness for workers and their families was expensive, however, and in the search for the greatest appeal to workers, the discussion shifted back and forth between the need for low dues as an incentive for workers to join the union, and better benefit systems through higher dues as incentives to stay, between wage and job security on the one hand and security against the expenses of illness and death on the other.

Part of the explanation undoubtedly rests with the tax incentives for employers to offer coverage to workers and their dependents.

HSA programs for groups: And if their employers arrange for it, employees can also pay their share of the insurance premium out of pretax income.The Importance of Employee Benefits Employee Benefits.

Benefits that are important to employees: A review of employee benefit programs Essay

Another survey of 1, full-time employees indicated that employees rank regular bonuses, health care, dental insurance, (k) plans, casual dress a culture within your company that makes employees feel valued is also a great tool when considering or creating a benefit package.".

Future strategic direction plays a huge role in health care. In this paper, I plan to describe a minimum of five challenges that are defining the future strategic direction of health care. Not only does emotional intelligence have a promising future in creating patient-centered care, but it also has great value to health care employees and leaders.

Emotional intelligence training offers increase job satisfaction, reduced stress, and potentially higher employee retention. Flexible Benefit Plans Flexible benefit plans refers to a benefit program that offers employees a choice between various benefits including cash, life insurance, health insurance vacations, retirement plans, tax advantages, and child care.

The cost of employee health-care benefits has increased rapidly over recent years, contribut- ing to the budgetary stress that governments are already facing as a result of declining or stagnant revenues and escalating costs in other areas.

An employee will select a health care plan that fit their needs and cover what they believe will be needed for the upcoming year. (Sprint ) Time away from work can be grouped into several categories including vacation time, paid holidays, sick time, FMLA, workman's compensation and 4/4(1).

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The future of health care as an employee benefit essay
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