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What would you do with 70% of something

September 9, 2011

Barack Obama speech "Fighting for Health ...

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Health Reform Snowglobe

In the past 2 years since the Obama Administration has been in power, we have seen a number of changes to our normal way of life. The first major milestone change was the Cash for Clunkers. This provision allowed people to trade their older cars in for cash with the hopes that these individuals would then purchase a new vehicle, thus stimulating the market. This worked very well and proved to temporarily boost the market.

Next there was the first time home buy credit. This provision offered first time home buyers a certain amount of money with the purchase of a residence. This also motivated people to act and slowed the housing crisis for a while.

However, it seems like the next few weeks will not be so promising to the general public. Back in March, we saw an event take place that took us all by surprise. It’s called Health Reform. The Obama Administration revealed a bill that looked to be another benefit, providing healthcare to the masses and eliminating all barriers intended to “discriminate”. While on the surface this bill looks like our saving grace, in reality there is usually a group that does not profit. This group happens to be employers.The Wall Street Journal just released an article on September 7 entitled “Health Insurers Plan Hikes.” The very first sentence in this article states, “Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks.” These rate increases are real, and they are coming beginning of the 4thquarter. And the 4th quarter is in 3 short weeks.Major insurers are quoted as implementing these renewal spikes because of this Health Reform act. The provisions meant to pad the shock (elimination of pre-existing conditions, elimination of coverage gaps and allowing children to stay on their parents’ plan until age 26) are the very reasons insurers are forced to the high renewals. Another quote from the article states, “Many carriers also are seeking additional rate increases that they say need to cover rising medical costs.

As a result, some consumers could face total premium increases of more than 20%.” The word “consumers” is underlined because we all know these rate increases will end up on the employers’ plate, not the consumers’.There is a way out of this. There is a life raft. The life raft is when the employer decides to make their own decisions for their company. Put the pen in your hand. You can refuse to accept these crippling renewals. Your refusal is in the form of your employees finally taking responsibility for their lifestyles.

With an incentive-based program, you can enforce change in your employees that will override anything Health Reform throws your way. How can you do this? By encouraging employees to get healthier! Over 70% of all healthcare costs are from lifestyle choices employees make. This means smoking a pack a day, choosing donuts over carrots and not taking the proper medication to control their health. It’s their choice how they live their life. Why not encourage good choices, which will ultimately save you money?Note the quote above that says that carriers are seeking additional rate increases to cover “rising medical costs.” These rising costs do not need to happen! They are a direct result of poor lifestyle choices. And for the first time in history, there is very real reason to make some changes.We all knew this was coming. We have seen the writing on the wall. Obama shook the snowglobe of Health Reform six months ago, and the snow is finally starting to fall on employers. The question is if you have equipped yourselves with an igloo of protection. 

If you have any questions as to how you can take action and save serious money, call EAF at 407-260-6556.

Health Reform Snowglobe.

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