health care costs

Employee Education Is Key to Navigating Shifting Health Care Costs

Pricing is a misunderstood and highly complex part of our health care system.

Health insurance costs are a significant portion of total compensation ranging from 5.9 percent to 12.6 percent. It’s no secret that health care costs are increasing across the board. According to the Kaiser Family Foundation, deductibles rose 12 percent in 2016. The trend toward higher deductibles has been especially pronounced among employers with fewer than 200 employees, where 65 percent…

Big Companies Pool Big Data in New Health Alliance

Another group of large employers is banding together to tackle rising health care costs. This one is composed of 20 of the largest U.S. employers, including American Express Co., Caterpillar Inc. and IBM Corp. The Health Transformation Alliance was formed earlier this year joining groups like the National Business Group on Health, the National Business Coalition on Health and a…