| | Benefits & Administration | | Value-Based Care Growing As a Way to Reduce Employer and Employee Health Costs | | How and where health care is delivered, paid for, and consumed will change over the coming years, particularly as budget constraints force a shift from volume-based to value-based reimbursement—payment for the value one gets from health care products and services, according to UBS Wealth Management’s Corporate Health Report. This shift will have far-reaching consequences for payers and health providers, but also for patients and their employers. “While value-based care (VBC) is not yet pervasive, its influence will be among the key elements to control health care costs over the coming years amid increased longevity, in our view,” UBS says. A recent survey found about 40% of employers are taking advantage of value-based benefit design.Read more > | | | Products, Deals and People | | Millennium Trust, Paychex Offer SIMPLE IRA for Small Businesses | | The plan gives employers the opportunity to automatically enroll employees into the plan, as well as escalate their deferrals every year, and offers them investment fiduciary services.Read more > |
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