Mercer Calls on Employers to Lead the Change in Health Benefits

Mercer believes employers should have better influence on the health care marketplace because of their purchasing power.

Mercer says that today, stakeholders other than employers―i.e. health plan providers, the government―define the rules for employer-sponsored health care benefits, and it would like to change that around.

Mercer believes employers should have better influence because of their purchasing power.

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In a new publication,  “Employer-led healthcare transformation: Vitals for a better tomorrow,” Mercer notes that employers today are faced with many complex, unprecedented challenges that impact their ability to deliver an effective system, including difficulty navigating a complex and fragmented system; soaring costs for employers and employees; and significant effort needed to manage a high-performing plan.

According to Mercer, employers can lead the transformation by addressing four key themes: “Pay for value, drive to quality, personalize the experience, embrace disruption.”

Pay for value – Aligning reimbursement with value, not volume.

Drive to quality – Delivering the right care at the right time, in the right setting, error free.

Personalize the experience – Leveraging better data and technology to engage employees in the right behaviors, every day.

Embrace disruption – Injecting change into the system, with internal stakeholders and external partners, to be future-ready.

“Employers are pivotal players in today’s health care system, yet their role has remained remarkably passive,” says Sharon Cunninghis, North American Leader of Mercer’s Health business. “In fact, nearly two-thirds of all insured coverage is employer-provided, which translates into a nearly one trillion dollar annual spend. The time has come for employers to work with other key stakeholders to translate this potential leverage into actual market transformation―and we see our point of view as the roadmap.”

ICMA-RC Announces Educational Tools for National Retirement Security Week

The campaign provides online and mobile educational tools and webinars to public employees.

With National Retirement Security Week right around the corner, financial services corporation ICMA-RC has released an educational campaign in hopes to motivate local and state government employees to increase their savings within employer-sponsored programs.

“The Whole Journey” campaign provides online and mobile educational tools and webinars to public employees. These resources help public sector employees who serve local communities reflect on their personal retirement goals and determine if they are on track to reach them.

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National Retirement Security Week takes place from October 16 to 22. The National Association of Government Defined Contribution Administrators (NAGDCA) will be supporting the event as well, with their own campaign titled, “Your Whole Story.” The goal for both events is to incite reflection and commitment within public sector workers determining their retirement track, while also reducing anxiety and stress.

“We are exclusively focused on the public sector and bringing the best possible retirement savings resources to local and state government employees,” says Bob Schultze, president and CEO of ICMA-RC. “National Retirement Security Week encourages everyone to focus on the importance of building retirement security and preparing for a more comfortable and rewarding experience after leaving the workforce.”  

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