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Investing in wellness programs may help combat escalating healthcare costs

Posted On Tue, September 14, 2010

Americans can't expect to get a break when it comes to healthcare costs. In fact, they can anticipate more of their paycheck going towards health insurance next year.

A survey conducted by Aon Consulting reveals several health plans will see more than a 10 percent increase in costs. Furthermore, the data derived from more than 60 insurers indicates that prescription medication costs are expected to increase more than 8 percent next year.

Aon Consulting U.S. health and benefits chief medical officer Dr. Paul Berger says it's wise for employers to invest in good healthcare despite a rise in costs.

"Investments in well-designed health management and wellness programs can create a healthier and more engaged employee," says Berger. "Comprehensive wellness and health management programs also can be an important factor in the recruitment and retention of employees."

Those who seek medical help when they need it may help prevent themselves from developing more serious conditions later on. If employees are in better health, it will decrease the likelihood they will need to use sick days and drive up group health insurance rates.

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