Wellness

With an expected 5.5% rise in health care costs in 2015 – the same year the Affordable Care Act’s employer mandate takes effect – employers have high hopes that spending can be reined through increased employee consumerism.

On Saturday, the first day of enrollment for 2015 Obamacare plans, the federal insurance website was working well enough that 100,000 people submitted applications, U.S. health secretary Sylvia Mathews Burwell reported.

As an effort to comply with the ACA, some employers have been considering offering employees a lump sum of cash to purchase health care coverage on the exchanges, but the DOL now says such an arrangement isn't going to cut it.

Delays, limited awareness, competition and insufficient subsidies among problems outlined in a Government Accountability Office report on state and federal small group exchanges. CMS says brokers will play a key role in any future growth.

Focusing on quality of care, data analytics tools and consumer-oriented websites are innovations discussed at National Business Coalition on Health conference.

Depression in the workplace can affect anyone and it takes an emotional toll on those affected, and can also have a significant financial toll on employers. A new program developed by the American Psychiatric Foundation and Employers Health Coalition aims to provide both employers and employees with the tools needed to help combat depression in the workplace.

If employers only look at wellness from a 9-to-5 point of view, they are missing valuable opportunities to engage employees. Wellness doesn’t end at 5 p.m., said one expert at the National Business Coalition on Health’s annual conference.

It’s not every day that you hear about a financial services company that is pushing the envelope when it comes improving the health and well-being of its workforce. Prudential Financial’s chief medical officer, Dr. Andrew Crighton, explains the success behind the company’s health, wellness and work-life programs.

The Obama administration forecast that as many as 9.9 million people will sign up for health coverage under Obamacare this year, 3 million below a previous estimate from the Congressional Budget Office.

While employee wellness programs have been around for almost two decades, it’s only been in the last five or so years that these efforts have gained traction, with little to no clear rules or guidance surrounding these programs.