The coronavirus is causing concern around the world, impacting the health and safety of millions and upending the global economy. As stock prices plunge and a possible recession looms, employers and self-insured organizations may react by cutting excess costs to future-proof their bottom line.
“It does bring to life the effect of an economic downturn and the results that will have in the health benefits space,” says David Henka, CEO of ActiveRADAR, a healthcare analytics and patient education company for employers. “Benefits are locked in for the remainder of 2020, but now is the time of year that consultants, brokers and benefits professionals evaluate what changes and tweaks they need to make to their 2021 benefits.”
