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3 Startling Facts About Health Care Costs

FACT #1

HEALTH CARE COSTS ARE RISING 4X FASTER THAN WAGES

Over the last 18 years, the cost of family premiums and worker contributions have risen by a total of 270% and 224%, respectively. That compares to worker earnings growth of 64% and inflation of 47%.  The result: every year health care is consumes a larger percentage of Americans' paychecks. 

 

Topics: Leadership / Strategy HR / Employee Benefits

How Prescription Drugs Became the Wild West of Health Care

Pharmaceutical pricing and fees have become the health care industry’s best kept secret. The cost of prescription drugs are increasing at an unsustainable rate, and to make matters worse the revenue sources aren’t transparent to the patient or employer. 

THE FACTS
  • Prescription drug spending in 2016 accounted for 10% of the nation's total health care costs.
  • Prices for common medications are as much as 117% higher in the United States than in other nations.
Topics: Leadership / Strategy HR / Employee Benefits

The Problem with Hospital-Owned Primary Care

2016 was the first year in which more physicians were employed by hospitals (53%) than were self-employed or working in a privately owned practice.

When hospital systems own the primary care centers, they can put pressure on physicians to refer patients to specialists within their network (which tend to be higher in cost).

Topics: HR / Employee Benefits

It's Time to Stop Health Care Insanity

Over the past few years, we've all witnessed the unchecked rise of health care costs in America. 

Some employers have been sitting back hoping things will get better. Others have been desperately trying everything to regain control. 

But one thing is clear: we aren't winning.

 

THE SYSTEM KEEPS WINNING

Every incentive in the health care system has been built to work against you: the employer.

Insurance companies make more when the cost of claims goes up.

Hospitals are buying primary care centers and referring patients to treatment options with higher profit margins.

Pharmacy Benefit Managers get paid more when drug costs increase.

Insurance Brokers have delivered ideas and tactics. But they often fail to deliver their clients a multi-year strategy that can move the needle. 

Topics: Leadership / Strategy HR / Employee Benefits

Roadcheck 2018 Is Coming, And It's All About Hours of Service

The Commercial Vehicle Safety Alliance’s (CVSA) annual International Roadcheck will run June 5-7, 2018.

During the International Roadcheck, inspectors will conduct the North American Standard Level I Inspection, a 37-step procedure that includes an examination of both driver operating requirements and vehicle mechanical fitness. This year’s blitz will place a special emphasis on hours-of-service compliance.

Over the 72-hour blitz period, commercial motor vehicle inspectors in jurisdictions throughout North America will inspect commercial motor vehicles and drivers. Drivers are required to provide their driver’s license, hours-of-service documentation, motor carrier registration and shipping documentation. As mentioned above, this year’s roadcheck will focus heavily on hours-of-service compliance.

Topics: Transportation

2018: A Challenging Year For Trucking

2018 will prove to be one of the most challenging years for the trucking industry. Although the challenges faced are not new, the convergence of so many challenges at the same time is unprecedented. Among the top issues facing the trucking industry are:

  • Driver Shortage
  • Capacity
  • Insurance
  • Cost/Availability of Equipment
  • Regulatory issues
Topics: Transportation Leadership / Strategy

HNI Adds 6 New Principals in 2018

Last week HNI announced the addition of six new principals – increasing the total number of owners to 28. 

“This is the highest recognition we can offer someone at HNI – and it is purely a performance-based nomination.  We are thrilled to formally recognize their achievements in helping our clients DE-RISK.” 

- Mike Natalizio, CEO

An Absurdly Comprehensive Guide to ELD Compliance

As of April 1, 2018, violations of the ELD mandate now come with a cost. There are a lot of nuances to this regulation, so we put together this very lengthy guide as a checklist to verify that your operation is compliant. 

Approved Devices

Is the ELD listed on the Federal Motor Carrier Safety Administration's registered ELDs list?

The full list is accessible through the Agency's Web site, www.fmcsa.dot.gov/devices.

Topics: Transportation Safety / Compliance

Former Patrol Sergeant Shares 6 Often Overlooked Trucking Regulations (VIDEO)

Former state patrol sergeant Mark Abrahamson shares 6 trucking regulations that are often overlooked or misinterpreted by trucking companies.

Topics: Transportation

What 250 Executives Taught Us About the Future of Business

One year ago, we began a project to get unbiased and anonymous feedback from our clients about their opportunities for growth and what holds them back. 

250 CEOs, CFOs, HR Directors, and Safety Managers from 50 different companies responded to questions on the topics of Leadership, People, Brand, Risk & Employee Benefits. This is what they said.

LEADERSHIP

MOST COMPANIES ARE OPTIMISTIC ABOUT THE FUTURE.

Almost 80% of respondents stated that they were optimistic about the future of their company. There is a lot of opportunity out there for companies with the capabilities to act on it.

Topics: Leadership / Strategy