The cost of healthcare in the United States is projected to compound at 5.4% annually through 2031. This presents a huge challenge to employers and insurers who provide health insurance to employees. In response, employers are more aggressively seeking new ways to reduce medical costs so they can maintain health benefits for their employees. Healthcare…
The healthcare benefit is one of the most important to employees. If your healthcare benefit is good, it encourages peace of mind and a healthier, happier workplace. It can also help in recruiting new employees because many make employment decisions based on healthcare. As an employer, though, it can cause a lot of headaches. You…
Employees value their healthcare benefits and many of them make employment decisions based on them. Employers know how important it is, but they also know that it can get expensive. They always try to balance providing a worthwhile benefit to their staff with limiting the costs. Medical care is expensive, and when costs rise, this…
The Problem Providing employees with excellent and affordable medical care is one of the biggest economic challenges of our time. Escalating healthcare costs have reached the point where many if not most employers can no longer afford them, and they are passing thousands of dollars of the costs on to their employees. This, in turn,…
Healthcare Spending Projections On June 14, 2023, CMS released its projections for healthcare spending. Total healthcare spending will increase from $4.1 trillion in 2021 to $7.2 trillion in 2031, an average annual increase of 5.4%. At the same time, its share of GDP will grow from 18.3% in 2022, to 19.6% in 2031. Private health…
Frustrated that you can’t reduce your health insurance costs? that old employees are quitting and recruiting new ones is hard? There is a simple, inexpensive solution to both problems and it’s available today. It’s called MedKaz®. You should offer it as a wellness benefit to your employees — the sooner the better! When you embrace…
One of the biggest personal challenges seniors face is inadequate healthcare. This becomes Medicare’s problem, too, when their health insurance costs skyrocket. An Important New Medicare Benefit There finally is one benefit Medicare can offer that solves this problem — for seniors and Medicare. It’s called MedKaz®. It is self-financing, simple, inexpensive, very easy to…
As a senior executive in your company, are you frustrated that your health insurance costs keep going up and you can’t do anything about it? I suspect you are, and it doesn’t feel good. It’s like having the proverbial tiger by the tail! What’s Wrong You have no control over when your employees or their…