Search
 
Commentary

How employers can help fix the US health care system

Let’s dive into what has caused the evolving health care crisis and solutions to resolve it.

By Chris Thurin | January 03, 2022 at 09:41 AM
Health care symbol and wrench The main three drivers in need of overhaul are the price of medications, the lack of transparency over price and lack of open access to data.

The past ten years have caused a negative turning point for the American health care system, and specifically for consumer health care spending. In fact, unpaid medical bills have become the largest source of debt Americans owe collections agencies, holding $140 billion in unpaid medical bills.

Furthermore, half (50%) of Americans say they are dealing with medical debt, setting them back financially for the long term. This not only causes problems for individual Americans, but also for employers, as employees who have financial stressors are less likely to be productive at work. Because employers insure 156 million people in the U.S., they have a bigger role than many know in driving change in the industry.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO Broker Expo 2024Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.