OAKLAND – July 24, 2019 – One in three lower-income employees experienced a need for health care they could not afford according to a new study from the Integrated Benefits Institute (IBI), a nonprofit health and productivity research organization. On average, employees who experienced a cost-related barrier to care had 70% more sick days than [...]
PwC’s latest report on medical cost trend reminds us that half of families in health plans with a deductible less than $2,700 did not have enough savings to cover their share of medical expenses up to that limit. This helps explain why many enrollees with high deductibles forego or delay care. In addition, since many [...]
Last month, IBI highlighted a study showing that productivity losses do not end when a hospitalized employee is discharged. Depending on the quality of care received, a hospitalization could impact an employee's earning capacity for the next three years. The study (co-authored by Thomas Parry Fellow Adelina Wang of Stanford University) focused on the experiences [...]
Note to editors: On December 8, 2020, we released an updated analysis based on 2019 data. The latest press release can be found here: http://tools.ibiweb.org/poor-health-costs-us-employers-575-billion/ SAN FRANCISCO – Nov. 15, 2018 –US employers paid nearly $880 billion in health care benefits for employees and dependents. However, illness-related lost productivity costs them another $530 billion [...]
