MANASQUAN, NJ, January 3, 2005 – To identify emerging trends in health programs that focus on consumer direction, a new executive-level telebriefing, "New Strategies In The Growth of Consumer-Driven Healthcare," was held by the Executive Report on Managed Care and the Managed Care Information Center (MCIC), Thursday, Feb. 3 at 1:30 p.m. Eastern time.
Pushed by the federal governments embrace of consumer decision-making along with soaring costs of healthcare, employers and health plans are adopting consumer-driven health plans. Then, the legislation providing for the creation of tax deductible health savings accounts (HSAs) as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, fueled the keen interest by employers and MCOs alike.
During 2004, many leading health plans around the country teamed with financial institutions to develop HSA. In 2003, 11 percent of companies offered such plans and enrollment stood at 500,000.
This year, it is estimated that the numbers will swell to 2.7 million individuals and reach $16 billion in premiums. By 2007, it is projected that consumer-driven healthcare plans will earn $88 billion and have a 7 percent market share, up from just 2 percent in 2005.
"New Strategies In Growth of Consumer-Driven Healthcare," a 90-minute live audio conference, examines the implications of the growth of consumer-driven health plans and HSAs from all sides, separating fact from fiction.
Expert speaker panelists Bridget Eber, Senior Health Care Strategy Consultant, Hewitt Associates; Dale A. Rayman, consultant, Towers Perrin; Melissa Tobler, RN, Principal, Clinical Strategies Consultant, Palmer & Cay; and Greg Waterstadt, Principal, Palmer & Cay, will cover topics including:
- How the healthcare environment nurtures the growth of consumer-driven healthcare.
- The emerging impact of consumer influences on healthcare.
- Employer perspectives on embracing consumer-driven options.
- Understanding the growing interest in consumer-driven healthcare.
- The new "fledgling" consumer-driven plans.
- Consideration toward adding or moving to a consumer-driven healthcare model.
- Healthcare cost and employees utilization rates.
- How to use consumer-driven health to manage your healthcare costs in the future.
- Promoting increased employee consumers, for health and welfare plans.
- How to improve employee acceptance/enrollment consumer-driven health programs.
- Addressing consumer-driven health critics; e.g., "not feasible for low-income workers; may function as tax shelter for healthy/wealthy.
Consumer-driven healthcare plans and employee benefit plans foster more consumerism among employees and are among the top five areas of concern to employee benefit specialists, according to the International Society of Certified Employee Benefit Specialists and Human Capital Practice of Deloitte Consulting LLP.
Indeed, Mercer Human Resource Consulting reported that in a survey of 991 employers, nearly three-quarters said it is very likely (19 percent) or somewhat likely (54 percent) that they will offer their workers a health savings account with a high-deductible health plan by 2006.
A CD-ROM of the audio conference is available. For further details, visit www.healthresourcesonline.com/edu/cd0205.htm.
Address: Executive Report on Managed Care, Managed Care Information Center, 1913 Atlantic Ave., Suite F4, Manasquan, NJ 08736; (732) 292-1100, www.themcic.com.