This editorial piece by Merrill Goozner, editor of Modern Healthcare, looks at the challenges of rising healthcare costs, and how those rising costs impact employees' spending in other ways.
Read the full original article from Modern Healthcare.
Goozner notes the famed Rand study on how when people have more financial responsibility for their healthcare, they cut back on necessary services. Employers can help employees afford healthcare and other necessary expenses by reducing or completely eliminating out-of-pocket expenses with Nonstop Wellness, an innovative healthcare program that can save employers a baseline of 12.5% on healthcare spend. Learn more now in the Nonprofit Executive's Guide to Partial Self-Insurance:
