Administration April 25, 2007

Health Care Costs Top List of Risk Manager Concerns

April 25, 2007 (PLANSPONSOR.com) - The greatest fear among risk managers is by far rising medical costs, with 52% of managers in a recent survey saying that was their biggest concern, followed by pandemics.
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The survey of risk managers by Specialty Risk Services (SRS), a property-casualty third party administrator for workers’ compensation and liability claims, found that 12% worry about pandemics, followed by privacy issues and unhealthy employees, both 6%.

However, risk managers expect these concerns to shift in the next five years, with talent management and unhealthy employee populations ranking at the top of the list, both with 37%, followed by rising medical costs at 34%.

The survey by the Hartford, Connecticut-based firm is part of a research and education project, called Workforce 2020: Are You Ready for the Future?

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