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HEALTHY WORKFORCE = HEALTHY ECOMONY. June 7, 2012. Barb Bailey, CLU, CEBS Moderator. Healthy Workforce = Healthy Economy. Panel members include: Ron Calhoun, Managing National Health Practice Leader, AON Hewitt Heyward R. Donigan, President and CEO, Value Options
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HEALTHY WORKFORCE = HEALTHY ECOMONY June 7, 2012 Barb Bailey, CLU, CEBS Moderator
Healthy Workforce = Healthy Economy • Panel members include: • Ron Calhoun, Managing National Health Practice Leader, AON Hewitt • Heyward R. Donigan, President and CEO, Value Options • Michael Dudley, President and CEO, Optima Health Plan; Senior Vice President, Sentara Healthcare • Bonnie Shelor, Senior Vice President of Human Resources, Bon Secours Virginia Health System
Healthy Workforce = Healthy Economy Setting the Stage • GOOD HEALTH = GOOD ECONOMY* • Population health impacts employers, individuals and communities in numerous ways • Work is central to social status • Unemployment is associated with a large number of health risks • Work influences the health of families and children • Income inequity affects health • Three reasons disease prevention and health promotion are good for business: • Lower absenteeism • Higher productivity • Stronger commitment * Building a Healthy RC/EZ/EC: U.S. Dept of Housing & Urban Development (HUD) Initiative for Renewal Communities, Empowerment Zones and Enterprise Communities
Employer Plan Best PracticesEmployers with ≥ 5,000 employees (Mercer’s National Survey of Employer Sponsored Health Plans, 2011) • Incentives for participation in health management • Incentives for achieving or maintaining health status targets • Tobacco-free incentives • Offer CDHP with employer HSA contributions • Value-based design • High performance networks • Data warehouse • Medical homes • Telemedicine / Retail clinics • On-site clinic • One or more specialty Rx management provisions • Spousal incentive to elect other coverage Analysis based on use of 20 cost management best practices including: (+ 7.3%) (+ 5.5%) Annual PPO cost per employee in 2011 (% increase over 2010) Employers using most best practices Employers using fewest best practices Employers that use the greatest number of best practices have lower costs and lower cost increases