A news release said the 2011 UBA Benefit Opinions Survey found 99.4% of top decisionmakers are concerned with the impact health care costs are having or are going to have on their overall corporate costs. More than 50% said it is a critical concern. Just slightly fewer (97.9%) are also concerned with the impact health care costs are having on their employees, up nearly 20% from three years ago and nearly identical to last year.
Additional findings include:
- 96.9% of employers still believe a good benefits program helps attract good employees;
- 93.8% believe good benefits keep employees from leaving;
- Employers are less prepared to meet the legislative and regulatory requirements placed upon them, and those requirements are becoming increasingly complex; and
- Nearly three-quarters of the employers responding felt there is a definite role for the federal government to play regarding health: requiring the disclosure of cost and quality information of hospitals and physicians.
“On an encouraging note, there is a trend of employers implementing wellness and health management strategies that they feel are having a positive impact on chronic conditions and the effectiveness of these programs in general,” according to William Stafford, Vice President, Member Services.
More information is at http://www.ubabenefits.com/Resources/NationalSurveys/tabid/1138/Default.aspx.
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