Corporate Wellness

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Title: Corporate Wellness

Essay Details:

Subject: Social Issues

Author: Sidney T

Date: May 23, 2015

Level: University

Grade: A

Length: 6 / 1532

Essay text:

McKinsey estimates that the average Fortune 500 company spends as much on health benefits as it earns in profits (Exhibit A). In 2007, employer premiums for medical insurance averaged $4,479 for single coverage and $12,106 for family coverage (Exhibit B). In fact, premiums have increased 87% since 2000, becoming the most expensive benefit paid by US employers. According to a report from Aon Consulting Worldwide, though health care cost increases are slowing, they are projected to increase by more than 10% in the coming year. The report attributes the decreasing rise of health care costs to more employers and employees participating in wellness and health promotion programs...

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