December 2, 2022

Healthcare & Employee Benefits 2009

| 1/1/2009

CEO Survey results - Cost Increase

Overall, by what percent are your organization’s healthcare costs projected to rise in 2009?
2008 2007 Change from
2007 (% pts.)
0 to 9% 44% 45% -1.0
10 to 19% 46 48 -2.0
20 to 29% 8 5 +2.7
30 to 39% 2 2 +0.5
Average Increase 10.8% 10.2% +0.6

CEO Survey results - Healthcare Premiums

Do you expect the percentage of healthcare premiums paid by your employees will increase, stay the same or decrease in 2009?
2008 2007 Change from
2007 (% pts.)
Increase 48% 44% +3.6
Stay the same 47 51 -3.9
Decrease 1 1 -0.2
Don’t know 4 4 +0.5

CEO Survey results - managing Healthcare Costs

Is your organization taking any of the following actions to deal with healthcare cost increases?
Promoting healthy lifestyles, wellness programs 68%
Creating employee responsibility and cost awareness 58
Higher co-pays, deductibles 45
Detailed plan analysis 43
Aggressive RX management programs 39
Health risk assessment 31
Personal health advocacy 30
Consumer driven health plans (HRA, HSA) 29
Becoming self-insured 18
Expanding coverage options 17
Census and eligibility scrubbing 14
Changing administrators 13
Restricting spousal or family coverage 7
Less coverage 2
Don’t know 7
Other 4

William Klich
Viewpoint Managing Healthcare Costs
William R. Klich
State President
St. Petersburg

We shop very aggressively for insurance and monitor our healthcare claims per employee with those of our competitors. We’re finding that we spend $1,000 less per worker in medical costs than peer companies, and 25,000 employees times $1,000 is a pretty significant number. Our costs are controlled by educating employees and encouraging their participation in our Peak Health wellness program, which screens for diet, exercise, weight and overall health. Depending on the level of insurance, the average employee participating in the program will reduce his or her healthcare costs by $700 to $800 a year. Our healthcare benefits are absolutely a selling point in recruiting. We offer health benefits to part-timers, which helps us in staffing. Then throw in the wellness program, and we have a great advantage over other employers that pays dividends in turnover, sick days and absolute costs to the company.

Tags: Healthcare

Florida Business News

Florida News Releases

Florida Trend Video Pick

Check out this Miami Beach art exhibit made by chimpanzees
Check out this Miami Beach art exhibit made by chimpanzees

Take a look at the ‘@rt by Chimps’ exhibit at the New World Symphony Center in Miami Beach. Chimpanzee artists painted 15 canvases that were up for sale during the fundraising event and all proceeds from sales go toward the Save The Chimps sanctuary.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Is it your opinion that the coronavirus pandemic has ended in the United States?

  • Yes
  • No
  • Unsure
  • Need more information
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701

© Copyright 2022 Trend Magazines Inc. All rights reserved.