Keeping the lid on health care costs; strategies that work
Article Abstract:
The 1990 Foster Higgins Healthcare Costs Survey revealed that corporate medical expenses rose an average of 21.6% in 1990. FIND/SVP Inc, on the other hand, projected that medical expenses per employee will increase from $3,161 in 1990 to $13,000 by 2000. However, selecting a proper delivery system and an appropriate plan design have been proven to help control costs. Research has also shown that preferred provider organization coverage was the best option in terms of cost control and employee satisfaction. This was followed by health maintenance organization coverage, self-insurance and indemnity insurance.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
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Promoting competition in the health care market: Pennsylvania's cost containment strategy
Article Abstract:
Pennsylvania Health Care Cost Containment Council (PHC4) is a successful quasi-government agency, that was set up to collect and report health care data in an effort to control health care costs. Another duty of the council is to advise the government on upcoming health care bills. The council has been successfully collecting data from 289 independent hospitals and 90 health insurers and putting the information in a form that consumers can use to make intelligent choices. PHC4 is up for expiration on Dec 31, 1993, unless the council can prove that its 'continued operation is in the public interest.'
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
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National health care reform: a corporate perspective
Article Abstract:
Southern California Edison (SCE) is looked at as an example of how large companies can handle their employee health care expenses. SCE, with some 55,000 workers, saw its health care cost rise from $21 million in 1981 to $88 million in 1990. The utility focused its efforts on a 'wellness program,' one of the first corporate managed health care plans in the country, with financial incentives for using efficient providers. Although costs are still increasing, the company feels that the lowered increasing rates make the plan a success.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Paying for aging: health care in the future. The e-tailing of health benefit plans
- Abstracts: Getting to the point of service; to satisfy consumers' demands for health care cost controls and flexibility, insurers must integrate indemnity and managed care products into point-of-service plans
- Abstracts: Effective compensation strategies for professional and scientific personnel. Effective compensation strategies for direct sales personnel
- Abstracts: Rewarding for performance - any real progress? Compensation strategy in the new organization. Linking reward to service - the Welch's case
- Abstracts: Using technology to connect compensation with performance management. EEOC provides guidance on compensation discrimination