The Impact of Financial Wellness on Your Employees
By Nan Maley, R.N.
Corporate Wellness Director, Sullivan Benefits |
The link between individual financial health and how it impacts an individual's overall health and wellbeing.
If people are stressed out about money issues, it's going to have an impact on their overall health and well-being. It's also going to have a noticeable impact on their overall job performance. In addition, if people are not putting enough money aside to fund ongoing healthcare expenses not covered by their health insurance policy, it's going to have an immediate impact on their current finances.
Knowledge is power. And there is a huge need to boost the financial knowledge of workers to help them make wise financial decisions. READ MORE |
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Health Care Reform
From My Vantage Point
By Gary R. Goodhile, CLU
Co-Founder and Principal, Sullivan Benefits |
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We are all in agreement that meaningful health care reform is a necessity. In the United States we currently spend 2.6 trillion dollars on healthcare annually a figure that accounts for 18 percent of our Gross Domestic Product. The health care system is enormous and change will require many stake holders with differing agendas to come to a consensus. The challenges are systemic and require significant change at many levels. While it's nice to think there's a short term solution that will reduce cost and improve access without making fundamental change throughout the system, it is unrealistic. The change that is required to reform the system will be more of an evolutionary process than revolutionary.
That being said, our President and his new administration have a historic opportunity to set in motion meaningful change. My preference would be to see the administration drive the needed legislative and regulatory change necessary to enable meaningful change, managed by the private sector, for the long term. The concept of our federal government creating and marketing a public plan, utilizing Medicare reimbursement rates and having that plan compete on a level playing field with the existing private health insurance offerings seems irrational. It simply would not work over time. It would be the beginning of a textbook death spiral for private plans. Due to a need to keep this article brief, I cannot not go into the many reasons why this would be a very bad idea for what represents 18 percent of our economy. READ MORE |
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