Gene Detroyer

Companies Looking to Cut Healthcare Costs

March 12, 2010

FROM RETAILWIRE:
No surprise; employers are looking to cut healthcare costs. That's the finding of CVS Caremark's annual survey of employers' priorities for pharmacy benefit management services in 2010. Is it within the power of businesses to cut their healthcare costs without cutting benefits to employees?      [more...]

There is a solution. The rest of the world uses it. Business drops all healthcare as benefit.

How often we talk out of both sides of our mouth. We can't be competitive because our healthcare benefits are so expensive and those companies we are competing with worldwide don't have such costs. Why don't we just drop the benefit? Let people pay for it themselves. That is what they did 60 years ago.

We all know where that leads, but the reality is that business today is global and this country has to compete on a global basis. It seems in healthcare, we want to have our cake....