Predicting Cost of Health Care Reform

How will companies react to Health Care Reform cost increases?

A recent Webinar by the ‘Corporate Executive Board’s Corporate Leadership Council on Benefits’, focused on how companies may react to upcoming health care reform costs. TLNT.com outlines the key findings presented in the Webinar in a recent blog post.

A few interesting highlights include:

• “Health care in 2010 is over 50 percent more expensive than it was in 2005.”

• “Employer cost is going to nearly triple over the next eight years.”

• “50 percent of companies polled are somewhat or extremely unlikely to drop benefits in response to health care reform.”

• “50 percent of companies polled said they were somewhat or extremely unlikely to drop benefits in response to health care reform.”

TLNT discusses these findings and the possible ramifications of one metric that they found to be startling. The Webinar reported that “only 11 percent of companies polled would “measure the impact of benefits on attraction, performance, and/or retention.”

Find out why this metric is so important and learn more about health care reform costs and company reactions at the link below.