Being a Better Benefits Consumer

At the National Business Coalition on Health's annual conference, one of the most significant topics of conversation was the need for employers to be better about their benefits purchases.

Intel Chairman Craig Barrett was quoted as saying, "The only way health care is going to change is if people who pay the bill tell the industry to change." How true this is.

The problem however lies in the reality that businesses exist to make available their products and services to the marketplace. Benefits are not a critical function, therefore most small businesses have a responsible party for benefits...but as one of the myriad job responsibilities not the sole function.

With nearly half of the $2.4 trillion dollar annual spend on health care being paid by employers, employers need to avail themselves to new and better options.

Employee Benefit Advisor magazine covered the conference, to read the article click here.