Health Care Crisis
Health care costs are soaring and employees don’t want to pay, leaving CEOs with one very expensive problem.
Health care costs are soaring and employees don’t want to pay, leaving CEOs with one very expensive problem.
CEOs are trying many initiatives to lower their companies’ health care costs. But will it be enough?
According to Dr. Stuart Weinstein of the American Academy of Orthopedic Surgeons, we could save at least $200 billion a year from simple legal reforms.
This lack of competition for patients has a profound effect on the quality and cost of health care. Providers typically do not disclose prices prior to treatment because they do not compete for patients based on price. Payments are usually not made by patients themselves but by third parties — employers, insurance companies or government. But according to Devon M. Herrick, Ph.D., a senior fellow with the National Center for Policy Analysis, in health care markets where providers do compete for patients, not only do prices come down, but outcomes improve.
A new survey of major health care insurers, representing the vast majority of covered individuals in the U.S., conducted by the American Action Forum (AAF) answers the question: what impact will the Affordable Care Act (ACA) have on premiums in 2014? This survey aimed to illustrate real cases in a variety of regulatory environments, representing the spectrum of rate changes cross any given geographic area, rather merely average changes across demographics.
Conceding, in effect, implementation problems with the Affordable Care Act, the Obama administration is delaying enforcement of a key provision of the new health-care law that requires large employers to provide coverage for workers or pay a penalty in 2014, the biggest revision so far to the federal health-care overhaul. The knock-on effects for business may prove significant.
Recently Trader Joe’s had to tell its associates that it had to revise its health benefits in the wake of the Affordable Care Act (Obamacare). CEOs who face similar challenges in having a straight conversation on healthcare with their “crew members” (employees) should take note.
Right now most of the drama being generated by Obamacare has to do with the failure of the Healthcare.gov web site and the slow going in getting individual Americans signed up for insurance coverage. But make no mistake: Even though business got a reprieve in the onset of the legal mandates of the Affordable Care Act to next fall, business owners are currently in the throes of important business decisions being prompted by the new law – and by its intended, and unintended, consequences.
Will 2014 mark the beginning of the end for employer-sponsored health insurance as we know it? Target recently announced that it will no longer provide health insurance for its part-time employees. Trader Joe’s and Home Depot also made similar moves. Why? Some experts say it’s because of Obamacare. Others are not so sure.
Another knock-on effect of the ACA is that healthcare and hospital systems are struggling to cope with new managerial changes demanded of them. Increasingly, hospital boards want an outside perspective, along with different skill sets—and they are willing to go outside the industry to get it.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.