Why Start a Wellness Program?
Healthy employees mean a more productive and financially healthy workplace.
In 2007, total national health expenditures were expected to rise 6.9 percent — two times the rate of inflation.1 Total spending was $2.3 TRILLION in 2007, or $7600 per person.1 Total health care spending represented 16 percent of the gross domestic product (GDP).
U.S. health care spending is expected to increase at similar levels for the next decade reaching $4.2 TRILLION in 2016, or 20 percent of GDP. Since 2000, employment-based health insurance premiums have increased 100 percent, compared to cumulative inflation of 24 percent and cumulative wage growth of 21 percent during the same period.
Surging health care costs slow the rate of job growth by making it more expensive for companies to add new workers. They also suppress wage increases for current workers by driving up total compensation costs.
Health care spending is continuing to rise and employers are left with tough choices: pay more, pass costs on to employees, drop coverage. The cost of doing nothing is obvious, cost increase dramatically.
Genesis would like to introduce you to another option: Employee Wellness Programs.
The professionals at Genesis have experience working with employers throughout the area to customize a program that fits their needs. Focusing on prevention and aiming efforts at the risk factors that are resulting in these increasing costs gets to the root cause of this issue.