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Article: Sharpen focus on health care risks; Wise, flexible investments can achieve a healthier workforce and bolster the corporate bottom line.(Perspective)
- Article from:
- Business Insurance
- Article date:
- December 24, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Michael Turpin
As health care costs continue to rise, business leaders are searching for someone who can halt the national health care cost trajectory, which now has reached nearly 16% of our gross domestic product. However, some businesses already have achieved annual medical cost trends that are flat or negative.
In those organizations that have not, there is often a fatal disconnect between the people who manage risk and those who manage benefits, which can inhibit an organization's holistic approach to health care. More effective management of health care risk is needed.
Certainly, barriers exist that may hinder an employer's health ...