I recently had the privilege of attending the Human Resource Executive Health and Benefits Leadership Conference in Las Vegas. The event was well run, the speakers were (for the most part) terrific, and the session topics relevant.
Here are five things I learned:
1. A representative from Intuit, the massive software company, spoke about its wellness program. The speaker walked us through the seven years the company has been working on the wellness program and the various initiatives and incentives it has introduced. In the end she admitted that she could NOT produce an ROI on the medical costs despite the constant tweaking and incentives. She said Intuit will continue with a wellness program because it fits the company culture and employees appreciate it.
2. Jim Klein from the American Benefits council once again predicted (I heard him give the same prediction two years ago) that COBRA will either end or change. Essentially he argued that with the option of the public exchanges, there is no need for COBRA, as former employees now have access to coverage (probably with subsidies). I hope he’s right.
3. A popular rating agency isn’t just reviewing cars and washing machines, as they have now expanded into the health care ratings industry. The newly created division, called Healthy Living, now reviews and ranks doctors, hospitals, health insurance plans, medications, and even medical procedures. They’ve also partnered with the National Business Coalition on Health to create an employer toolkit called Choosing Wisely, which contains a wealth of resources employers can use to help communicate their health plan.
4. Three of the major players in the health care cost transparency market came together for a panel discussion. While it turned into a bit of game where each vendor wanted to show how much better its product was than its competitors, what was clear to me was that this is a product that is going to be offered in more and more health plans. We’ve been ratcheting up deductibles and telling employees to be better consumers of health care. Now we finally have a tool that they can use to help them make those decisions.
5. Something that I’ve been working on in my Benefits department was hammered home when Adobe and Benz communication spoke together about using good design to communicate benefits. The slide that got people taking pictures of the screen simply said: Good design helps people make good decisions’. And it’s so true. I’ve recently collaborated with our advertising team to help make our emails look nicer. The feedback was great and the response to the emails has been huge.