Managing health care costs: back to basics

Mark A. Abate (Mark Abate (mark.abate@strategicba.com ) is a principal of Strategic Benefit Advisors, Inc. (Hopkinton, Massachusetts), a benefits consulting firm specializing in the design, funding and administration of group medical, dental, life and disability programs.)
J. Michael Deneen (Mike Deneen (michael.deneen@strategicba.com) is a principal of Strategic Benefit Advisors, Inc. (Hopkinton, Massachusetts), a benefits consulting firm specializing in the design, funding and administration of group medical, dental, life and disability programs.)

Handbook of Business Strategy

ISSN: 1077-5730

Publication date: 1 December 2004

Abstract

The cost of employer‐sponsored health‐care benefits continues to increase at an alarming rate. In its 2002 Annual Survey of Employer Health Benefits, the Kaiser Family Foundation reports an annual rate of increase of 12.7 percent for employer‐sponsored health insurance costs. Kaiser’s findings are corroborated by the survey findings of the large employee benefit consulting firms. Mercer Human Resource Consulting reports an annual rate of increase of 14.7 percent in its recently‐released Mercer/Foster Higgins National Survey of Employer‐Sponsored Health Plans 2002. Most industry experts agree that employers will face double‐digit increases in their health care costs for at least the next three to five years.

Keywords

Citation

Abate, M. and Deneen, J. (2004), "Managing health care costs: back to basics", Handbook of Business Strategy, Vol. 5 No. 1, pp. 141-146. https://doi.org/10.1108/10775730410493513

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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