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Originally posted by The Commonwealth Fund in August 2019 by Lauren Vela Issue: Large self-insured employers and other health care plan sponsors are concerned about rising prescription drug costs. Formularies developed on their behalf by intermediaries like pharmacy...
I doubt many companies can show five consecutive years with maintained or improved coverage and very level premiums. In fact, our premiums are lower than four and five years ago. Holding the line on the medical insurance costs is one reason we have been able to expand other benefits over this same time period, including: adding a long-term disability option; a fully paid EAP and 24 x 7 doctor hotline for the entire Team; added Wellness incentives and awards; an improved PTO benefit; and pay increases.
We can’t prove this is a direct result, but I think it’s safe to assume that this very uncommon experience, in days of ever-increasing health care costs, can at least partly be attributed to the Wellness efforts put forth by our Team and partners over the years and how those efforts have led to better overall health and fewer medical claims.