Magazine article Risk Management

Controlling Health Costs through Demand Management

Magazine article Risk Management

Controlling Health Costs through Demand Management

Article excerpt

As Henry Ford once said, "there two types of people in this world--those who think they can and those who think they can't--and both are right." The same conflict applies to wellness, where both employees and employers consider each other responsible for ways to manage health care and both are, according to speakers at Employee Wellness Programs/Your Health Insurance Costs.

Over 70 percent of all health care expenses are related to preventable illnesses, said moderator Bruce C. Kelley, principal at William M. Mercer, Incorporated. With an aging baby boomer population and a trillion dollar health care industry in the United States today, it is incumbent upon employers to provide health care recommendations as well as a healthy work culture. "It is also important for employees to accept responsibility for their own health," according to speaker Dr. Harry Harrington, professor of medicine at Stanford University Medical Center.

A risk management approach to disease intervention can reduce claims by at least 3 to 5 percent. The key is to identify and target high-risk populations. …

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