United Benefit Advisors News and Press Releases

United Benefit Advisors (UBA) Survey Shows That Increased Health Care Costs Concerns 99.4% of Employers

Posted by: Marianne Stook    April 9, 2010 at 8:41 PM

New UBA Survey Reveals Cost-containment Strategies, Desired Role of Government and Predictions on Health Care Delivery

Indianapolis, IN, April 19 /PRWeb/ -- Results of the 2010 United Benefit Advisors Employer Opinion Survey indicate that nearly all (99.4 percent) top decision makers are concerned with the impact of health care costs are having or are going to have on their overall corporate costs, according to newly released data. More than 50 percent said it is a critical concern. Just slightly fewer (97.9 percent) are also concerned with the impact health care costs are having on their employees, up nearly 20 percent from two years ago. These results were consistent regardless of industry, employee size category or geographic region. Additional findings presented in the survey include:

• Employers in general feel better prepared to communicate and implement complex strategies to deal with employee benefits.
• Employers are less prepared to meet the legislative and regulatory requirements placed upon them, and those requirements are becoming increasingly complex.
• Less than one in six employers feel the government should develop a universal health care system paid with tax dollars.

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“On an encouraging note, there is a trend of employers implementing wellness and health management strategies, along with existing employee benefits, that they feel are having a positive impact on chronic conditions and the effectiveness of these programs in general,” according to William Stafford, Vice President, Member Services at UBA’s corporate headquarters in Indianapolis.

In addition to Health Care Strategy, Benefits Philosophy and Opinion, Health Plan Management, and Consumer Driven Health Plan strategies, the UBA 2010 Employer Opinion Survey produced a Special Supplement on Health Care Reform in America, released just days before the passage of the Patient Protection and Affordable Care Act, as amended. The results of this Special Supplement on Health Care Reform in America are available at www.UBAbenefits.com.

Copies of the 2010 UBA Employer Opinion Survey are available for purchase after May 1 by downloading the order form or through the nearest UBA Member Firm listed on the UBA website at www.UBAbenefits.com.

About the UBA Surveys
UBA also conducts the UBA Employer Benefit Perspectives survey (which addressed Employer Communications, Personal Health Management and Scope of Employee Benefits) and the annual UBA Health Plan Survey. With responses from 17,655 health plans sponsored by 12,316 employers nationwide, the 2009 UBA Health Plan Survey is the nation’s largest and most comprehensive, validated survey of employee benefit plan design and cost ever conducted. As the largest survey of its kind, the UBA Health Plan Survey provides health plan benchmarks by a greater number of specific industries, regions and employer size categories than is available from any other resource.

About United Benefit Advisors
One of the nation's leading independent employee benefits advisory and HR consulting organizations, United Benefit Advisors is a Member-owned alliance of more than 140 premier independent benefit advisory firms with more than 200 offices throughout the U.S., Canada and the U.K. As trusted and knowledgeable advisors, UBA partners collaborate with more than 2,000 professionals to deliver expertise, thought leadership and best-in-class solutions that positively impact employers and make a real difference in the lives of their employees and families. Employers, advisors and industry-related organizations interested in obtaining powerful results from the shared wisdom of our Members should visit UBA online at www.UBAbenefits.com.

William Stafford
Vice President, Member Services
Phone: 317-705-1800

Topics: health care costs, employee benefits, hr consulting, health care reform