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Weathering the Storm of Rising Inflation
by Merrisa Milliner, Marketing & Communications Director, Doeren Mayhew
A panel of health care and financial leaders cited the trending down of benefits costs among the measures businesses should be considering now as they prepare to navigate the complexities of the health care reform.
Sponsored by BBVA Compass, USI, top accounting firm Doeren Mayhew, Haynes and Boone, LLP, and The Aldridge Company, the panel discussion featured Dr. Richard Wainerdi, former Texas Medical Center president; Wendy Carmichael, USI vice president and ERISA counsel; and Brian Wells, CEO at Memorial Hermann Health Solutions.
Despite uncertainty in the marketplace and the recent postponement of key mandates to 2015, panelists said the ACA is here to stay, and encouraged businesses to keep preparations on their radars, including:
The trend is toward incorporating elements of consumerism into health benefit plans, i.e., engaging employees in the process of lowering costs. Examples include:
While some of these measures may increase costs initially, preventing or catching illness early reduces costs in the long-term.
For assistance guiding your business through the complexities of health care reform, contact Doeren Mayhew’s CPAs in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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