Getting Into the Healthcare Business
Why are companies like GM choosing to offer their own healthcare? As Max Nisen writes in a recent Bloomberg article, “It helps them save money by eliminating a middleman. Plus, they get a greater degree of control and flexibility in how they manage health-care costs.”
By contracting directly with the providers offering their employees care, GM can exercise greater control and insight into their own health insurance costs. It’s a win-win solution when the only alternative for rising insurance premiums is to resort to higher deductible plans or to reduced benefits.
GM isn’t the only one making the move. Big companies like Boeing and Walt Disney Co. have already shifted toward benefits programs that eliminate insurance companies from at least part of the equation. The result is better health for employees and cost savings for their employers. Nisen notes, “Some 11 percent of companies queried in a recent survey of large employers by the National Business Group on Health said they plan some kind of direct contracting in 2019.”
Vera Cuts Out the Middleman
Vera offers employers a solution to higher healthcare costs. Integrating an on- or near-site clinic into your organization’s benefits plan cuts out the middleman to provide unlimited preventive care for your employees at at a fixed cost. At your clinic, dedicated care teams — including a provider, health coach, and other medical staff — develop personalized plans for employees so they get healthier and you see a reduction in costs because of fewer claims.
Ready to find out what cutting out the middleman can do for your insurance costs? Contact us today to learn more.