If companies are required to disclose their impact on the environment, shouldn’t they also have to disclose their impact on employee health? One group of prominent insurers, pharmaceutical companies and employers is proposing that publicly traded corporations report on the health of their workforces in annual reports, 10-Ks, sustainability reports and other SEC documents. Could this happen? Does it make sense? Will it help or hurt employers? What would be the impact on employees?
The cost of healthcare is having a major impact on business and its bottom line. Employer-sponsored insurance covers over half of the non-elderly population, or 147 million people in total, according to Kaiser Family Foundation data. The average annual premium for employer-sponsored family health coverage is now $17,545, with employers footing the bill for more than two-thirds of that amount, according to the Kaiser Family Foundation/Health Research & Education Trust 2015 Employer Health Benefits Survey. Employers have a lot of skin in the game when it comes to their employees’ health.
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