Navigation Links
McGraw Wentworth Launches Survey to Benchmark Employee Benefit Trends in Michigan
Date:2/15/2008

Survey will show what top-performing organizations are doing to hold the line on health care cost increases. 500 employers expected to participate.

TROY and GRAND RAPIDS, Mich., Feb. 15 /PRNewswire/ -- Experts predict health care costs will increase between 8% and 12% in 2008. The impact of these increases will have a major effect on Michigan employers that are, in some instances, fighting for survival while others are competing globally for high tech talent. What are top-performing companies doing - or not doing - to achieve lower-than-average cost increases in employee health benefits? Data for decision-making on these questions and more will be gathered in the McGraw Wentworth 2008 Mid-Market Group Benefit Survey beginning February 18.

The survey will provide local data regarding the extent of cost control strategies such as higher deductibles, higher pharmacy and office visit co-pays, Health Savings Accounts (HSAs) and spousal surcharges on health care costs. The survey analysis also will provide a Total Cost Ratio comparing what Michigan employers and employees pay in total for benefits in 2008 including premiums, employee payroll contributions and out of pocket costs.

No company in Michigan should be without the survey information say organizers. Every mid-sized employer with 100 -10,000 employees in southeast and west Michigan - whether in the manufacturing, technology, service, government, education or not-for-profit sector - will benefit from the survey which provides local market data that accurately benchmarks an organization's competitors.

"The Mid-Market Survey provides real-time data about what is happening in Michigan which continues to offer a substantial level of employer-sponsored health care," says Tom McGraw, President of McGraw Wentworth. "Survey participants will have a statistically valid tool to evaluate future plan designs and cost sharing without inadvertently making their benefit plan non-competitive."

The survey will examine approximately 125 high performing trend setting organizations (TrendBenders(TM)) that have successfully kept cost increases at 0% to 2%, managing their costs using a variety of plan design strategies.

The survey is sponsored by McGraw Wentworth, one of Michigan's largest employee group benefit consulting and brokerage firms with offices in Troy and Grand Rapids. There is no charge to participate. Employers who complete the online survey will be invited to participate in one of several interactive survey report sessions to be held in May and June. All data will be confidential. To register, call Mitsy Morris at McGraw Wentworth, (248) 822-6261 or visit mcgrawwentworth.com.

Contact: Patricia McCarthy

(313) 882-9200

Ryan Bowers

(248) 822-6231


'/>"/>
SOURCE McGraw Wentworth
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. McGraw-Hill Higher Education Publishes Text on Innovative Electronic Health Records System
2. McGraw-Hill Professional Enhances Library Access to Medical and Engineering Resources
3. The Tug McGraw Foundation Announces 2007 Fundraising Gala
4. USAID Launches a $60 Million Child-Spacing and Reproductive-Health Program in Pakistan
5. GSK Launches New Website to Help Employers Lower Costs and Improve the Health of Workers
6. NHS Choices Launches New Food Allergy Symptom Checker
7. Medco Launches Medicare Part D Initiative to Promote ePrescribing
8. Latest Salvo Fired in Frozen Yogurt Wars as Southern Californias Fastest-Growing Franchise - Cefiore - Launches New Chocolate Flavor
9. Illinois Meth Project Launches Large-Scale Meth Prevention Campaign
10. Lupus Foundation of America Launches Website Message Boards to Connect People With Lupus
11. NHS Choices Launches Medical News Guide to What Lies Behind the Headlines
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/22/2017)... Plains, NY (PRWEB) , ... April 22, 2017 ... ... Report, which shows that U.S. consumers can save an average of 70% when ... greater savings (up to 97%) are available when purchasing from other countries. The ...
(Date:4/22/2017)... ... ... San Juan Capistrano summer camp team at the Boys and Girls Club of South ... provide physical activities for all campers. To read the report, click here or ... in specialty camps that focus on what the report terms as “sitting subjects” like coding ...
(Date:4/21/2017)... ... , ... Providing broad access to life-saving drugs and rewarding the innovators who ... to address this problem. , That was the message from Dana Goldman, PhD, Leonard ... University of Southern California, who served as the keynote speaker for Western University of ...
(Date:4/21/2017)... ... 2017 , ... Contrary to popular perception, a new study ... noteworthy rates. Between 2002 and 2014, Salas-Wright and his colleagues found a 29% ... United States. The study, Trends in Fighting and Violence Among Adolescents in ...
(Date:4/21/2017)... ... April 21, 2017 , ... Evoke Therapy Programs , ... kicked off its 4th annual Forum for Innovative Treatment Solutions (FITS), which runs ... Therapy for Mental Health and Addiction.” , FITS’ 2017 keynote presenters will ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... , April 19, 2017  IRIDEX Corporation (Nasdaq: ... financial results for the first quarter 2017 after the ... Company,s management team will host a corresponding conference call ... Investors interested in listening to the conference ... domestic callers or (703) 326-3030 for international callers, using ...
(Date:4/19/2017)... April 19, 2017  Sorrento Therapeutics, Inc. (NASDAQ: ... biopharmaceutical company developing new treatments for cancer and ... of its previously announced underwritten public offering of ... public offering price of $2.00 per share, before ... expenses payable by Sorrento.  The net proceeds to ...
(Date:4/18/2017)... , April 18, 2017  Cardinal Health (NYSE: ... 1 fiscal 2017 earnings per share (EPS) guidance ... 2019.  This is in conjunction with this morning,s announcement ... Vein Thrombosis and Nutritional Insufficiency businesses. Cardinal ... continuing operations will be at the bottom of its ...
Breaking Medicine Technology: