Purpose

• Assist Employers in helping their employees live healthier and more productive lives and lower the cost of doing business.

•Become a leading advocate for the concept of “healthy employers” in West Michigan

Health Care Cost Crisis

• In 2007, health care cost rose 6.9% to $2.3 TRILLION or 16% of GDP

• In 2016 projected to be $4.2 TRILLION or 20% of GDP

• In the absence of change health care spending will be 25% of GDP in 2025 , 37% in 2050, and 49% in 2082

Congress of the United StatesCongressional Budget Office November 2007

Employers

• Health Insurance Expenses are the fastest growing cost component for employers

• Premiums have been rising four times faster than workers earnings since 2000

• The cost of health insurance remains the number one problem for business.

Employee Contributions

• The average employee contribution has increased more than 143% since 2000

• Average out-of-pocket costs rose 115% since 2000

• Higher deductibles and co-pays are causing many employees to skip preventive care and prescriptions

The Problem – Insurance

• Focus has been on managed care and reducing the number of days in the hospital

• Limit cost by contracting with Doctors and Hospitals for Discounts

• Quality of care not a high priority

The Problem – Health Care

• Hospitals and Doctors forced to react because that’s where they get paid

• Unnecessary tests needed to protect them from lawsuits

• Need to absorb cost of uninsured and gov’t program underpayments

The Problem – Prescriptions

• Drug Companies spend twice as much on promotion at it does on research and development

• During 2004 they spent 24.4% of each sales dollar on promotion and 13.4% on research and development

• The US spent $235.4 billion on prescription drugs in 2004

Science News Jan. 7, 2008

The Problem – Employers

• Benefits cost 6 to 8 times more than work comp yet CFO’s don’t take the time to manage their benefit cost.

• 80% of HR managers do not have a finance background and primary function is administrative.

• HR departments don’t have the extra time or expertise to do Health Promotion.

The Biggest Problem…

And No Implementation

Information Overload!

HRA Grants

• Matching Service Grants for Health Risk Assessments

• from $24.95 to $12.95 per employee!

For information go to: http://healthtrackcoaches.com/

Goals

• Help to initiate the wellness

conversation in West Michigan

companies

Together We Can