Cost-Containment

Senator Bernie Sanders is upping the pressure on Novo Nordisk to lower the cost of Wegovy in the U.S., although the Danish drugmaker asserts it charges lower prices in Europe because governments there can negotiate prices.

By taking decisive action and supporting employer groups in their pursuit of prudent fiduciary actions, benefits advisors can help reshape the health care ecosystem and ensure cost-effective, high-value care for all employers and employees.

Nearly 80% of employers expect a moderate or significant impact from the DOL over the next year, as the presidential election looms. 

Employers must act upon this price information to redesign their health plans to better align hospital prices with the value of care provided, since price transparency alone will not lead to changes, according to a new RAND report.

Health care companies added 56,000 jobs; warehouse and transportation companies hired 22,000 new workers; and retailers added 20,000.

With this new approach, employers pay a flat monthly rate per employee that is directly paid to a primary care provider who is part of a core team of doctors, advanced care practitioners, care advocates and wellness coaches.

Fifty-seven percent of respondents said working for commissions or bonuses motivates them to do a better job at work.

Fargo, ND, ranked 4th overall for affordability and 13th in terms of employment factors.