Business Group on Health

Save the Date! Business Group on Health will host two global meetings in the fall of 2024. Health and well-being leaders in Latin America and Asia Pacific will convene to discuss some of the biggest challenges they face in providing benefits and programs that meet the needs of their employees located in these regions. Learn more about dates, locations and details here. https://okt.to/ko4Qx9

The majority of Americans receive health and well-being benefits through their employer. In fact, employer-sponsored health programs cover 165 million Americans - making employers the largest payor in aggregate compared to other insurance options. A key underpinning enabling these offerings is the Employee Retirement Income Security Act (ERISA) which allows employers to offer comprehensive and consistent benefits to their workforce across multiple states. The influence and impact of ERISA cannot be understated. Protecting ERISA preemption is the highest policy priority of employers, as revealed in Business Group on Health’s 2025 Employer Health Care Strategy Survey. As the preeminent and longest standing organization representing employers, Business Group on Health celebrates the 50th anniversary of ERISA. Join us in marking this milestone and learn more about how we work together to support and recognize employers as we drive change together. https://okt.to/d3whyj

Due to stigmatizing experiences and discrimination, the LGBTQ+ community is traditionally less inclined to participate in health research. In an effort to change this, The PRIDE Study, a research initiative that assesses the health of over 29,000 sexual and gender minority adults in the U.S., takes a community-engaged approach to create inclusive surveys, paving the way for health equity advancements. In our latest podcast episode, Mitchell R. Lunn, MD, MAS, FACP, FACP, co-director of The PRIDE Study and Stanford University physician and professor, shares more details on this groundbreaking study along with the disparities in health and health care facing the LGBTQ+ community. Tune in to find out what this means for employers and how to support LGBTQ+ employees through informed health benefits and initiatives. https://okt.to/T4bvyJ

MedCity News: 'Employers’ projected healthcare cost trend, reflecting the expected annual percentage increase in patient treatment costs, rose from 6% in 2022 to nearly 8% by 2025, according to a new survey from the Business Group on Health.' Learn more below.

Employers are steadfast in their desire to provide comprehensive offerings to their workforces, despite an almost 8% projected health care cost trend for next year, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. Ellen Kelsay, president and CEO of the Business Group, said “the foreboding cost landscape has accelerated the need for bold transformation, and employers seek partners who will make that happen.” Access the survey’s executive summary to learn about other insights for the coming year. #employer #healthcare https://okt.to/oadYLf

Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI

Don’t miss out! Health and well-being leaders responsible for benefits and well-being programs in Asia Pacific, registration is open for Business Group on Health's Asia Pacific Regional Meeting, held virtually on September 11, 2024. Leading employers will share how to create a culture of change and implement new benefit programs. Plus, we will host an employer roundtable to engage with your peers and discuss shared challenges and opportunities to grow. Register Now: https://okt.to/VxgtLA

Once rare in younger adults, colorectal cancer is increasingly affecting adults under 50, with the biggest increase in those aged 20-29. Tune in to our latest podcast episode with Dr. Robin Mendelsohn, Co-Director of the Center for Young Onset Colorectal and Gastrointestinal Cancer at Memorial Sloan Kettering Cancer Center, where we discuss the complexities of colorectal cancer in younger populations. Learn about the: - Risk factors, screening methods and the approach to patient care - Research and causes behind the rising global trend - How employers can support employees with early prevention and treatment https://okt.to/vhWRXH

As we approach the 50th anniversary of ERISA, we are reminded of the critical but challenging role employers play in advancing the health and well-being of their employees and their families.   Business Group on Health is proud to support the vast and dynamic needs of employers by addressing the most relevant health care issues facing employers today and enabling human resource and benefit leaders to learn, share and leverage best practices.

Registration is now open for the Business Group on Health Asia Pacific Regional Meeting on September 11, 2024. Health and well-being leaders responsible for the region are invited to join us virtually to discuss some of their biggest challenges, including how to improve health outcomes, ensure inclusive and equitable care, and enhance the employee experience. https://okt.to/RGxM3Y