Employers are continuing to take steps to get the most value out of their employee health plans. Responses from the 2014 Towers Watson/NBGH Employer Survey on Purchasing Value in Health Care show that the best-performing employers are acting aggressively to improve their health plan cost trend and also help employees manage their well-being. Steps taken by employers include establishing coverage tiers based on the number of covered dependents, modifying health plan designs to emphasize high performance, and responding to their employee population’s underlying health risks.
The survey concludes by stating that employers who want their health plans to remain viable over the long term must adopt a holistic approach. These employers must focus on optimizing benefit delivery through alternatives like private exchanges, reevaluating plan options and contribution strategy, managing population health, negotiating value-based contracts, and offering employees transparency tools and incentives. These steps are “more important than ever” due to the current financial and competitive environment.
To read the complete survey, please visit our White Papers page.