Current annual healthcare spending is approximately $2.0 trillion (16.9% of U.S. gross domestic product) and is expected to exceed $4.0 trillion (20% of U.S. gross domestic product) by 2016. The annual drug expenditure is expected to double, from $220 billion per year in 2006 to over $400 billion per year in 2016.
Prospective employer clients are encouraged to reflect on the following questions:
- How much healthcare cost escalation is your business willing to accept over the next three to five years?
- How do you plan to more effectively address escalating healthcare and drug benefit costs?
- Acting alone, do you feel qualified to address all micro and macro elements of your health benefits?
- Do you feel employee health and wellness can and should be supported in the workplace?
- Have you, as the ultimate payer, had a major role in designing your employee health and wellness benefit activities?