(ReliableNews.org) – Delivering quality, affordable healthcare to employees is challenging in the best of times. When a crisis like the recent COVID-19 pandemic strikes, it puts an extraordinary strain on many companies pushing them to the breaking point. There’s a natural tendency to look towards charging employees more for health benefits, raising the deductibles or copayments on rate plans to reduce costs.
Those strategies can save money for companies in the short term. However, studies show employees use health service less when rates are high leading to worsening health outcomes over time, which costs employers substantially more in the long term.
U.S. Health Care Is in Flux. Here’s What Employers Should Do.
Emergencies naturally draw our attention — and our resources — to the present. The U.S. response to Covid-19 is no exception. Yet the problems exposed by the pandemic point to the urgent…https://t.co/Tc8rcJY1rG pic.twitter.com/1XYt9nAiBw
— IL Chiropractic Soc. (@ILChiro) June 21, 2020
Fortunately, some strategies do work that can provide quality health care for employees at affordable rates for employers. For instance, companies can partner with local hospitals and physicians to drive costs down. Marketing companies can also team up with local clinics providing advertising services in exchange for lower rates for services.
Employers can also leverage internet technologies, offering incentives to employees who research online resources to find ways to maximize health care benefits while minimizing employer costs.
Companies that explore creative means of providing quality healthcare to employees in 2021 can expect to reap the benefits for years to come.
Copyright 2021, ReliableNews.org