Active cost managers see results
NEWS IN BRIEF — Posted Nov. 19, 2007
A study by human resource consultant Towers Perrin has found that employers that have taken a rigorous approach to reducing health care costs have started to see some results.
Towers Perrin's annual Health Care Cost Survey found that employers that actively manage health care costs can expect to see per-employee costs of about $1,500 less than low-performing companies. Ways companies manage costs include efficient purchasing, employee engagement and managing health risks among their employees.
And the employers aren't the only ones cashing in on the savings. Employees at high-performing companies can expect to pay an average of $1,836 per year on health care costs versus the $2,256 employees at low-performing companies can expect to pay for the year in 2008.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/11/19/bibf1119.htm.