| VOLUME 2 | ISSUE 4 | APRIL 2010 | http://www.rmpllc.biz |
Much has changed in the month since we last published RMP Advisor. Immediately after President Obama signed health reform into law, I wrote my reactions on my blog. As our April feature discusses, healthcare remains an employer-based system for the foreseeable future, with relatively little impact on employer purchasing of benefits over the next 4 years. Learn how I see the new legislation affecting employers, and see if you could benefit from a new tax credit.| David Edman Managing Partner Risk Management Partners, LLC |
P.S. Be sure to answer our Quick Question for You below and watch for the results in next month's newsletter.
Quick Question for You  We'd like to know what impact you think the new health reform legislation will have on companies in the Philadelphia region. Please click on your answer to the following question, and we'll let you know the results in next month's issue. |
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| Q. | To what extent do you think health reform will affect your firm's healthcare costs for 2011? |
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| A. | [See results in May 2010 RMP Advisor] |
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| a) Significant cost reduction |
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| b) Slight cost reduction |
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| c) No change |
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| d) Slight increase |
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| e) Significant increase |
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Assessing the Impact of New Health Reform on Employers
For the average employer who is currently providing benefits to his/her employees, I would argue that very little changes in the foreseeable future. We provide our readers with a summary of the key features of the new health reform bill, our assessment of the likely impact on a business, and some suggestions on what to do next. Read more.Small Business Healthcare Tax Credit Available
The recent healthcare legislation signed into law by the President contains a Small Business Health Care Tax Credit that may help you with the cost of providing your employees with health insurance. If you are eligible, you should take advantage of the government's offer. Read more.Wellness Works…and Saves You Money
There is little disagreement about the importance of wellness, prevention, and making good lifestyle decisions. If it were put to a vote, you might even find that Democrats and Republicans can agree on this. Not only is it good for your employees and their dependants, but it also saves money. In this article, we talk about the five essential components of an effective wellness program. Read more.Readers might also be interested in… We provide our readers with a list of recently published articles you won't want to miss! |
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| Healthcare Strategies for Employers |
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A Way Out of Soviet-Style Health Care (The Wall Street Journal) |
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Insurance Protection for Adult Children Won't Come Fast Enough for Some Parents (Kaiser Health News) |
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New Survey: 'Cadillac Tax' Would Force Employers to Trim Health Insurance Costs (Kaiser Health News) |
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| Wellness and Prevention Techniques |
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Study: Health Care-Savvy Workers Cost-Conscious (BostonHerald.com) |
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| Health Reform |
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Health Care: A Market without Transparency (STLToday.com) |
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Health Reform Implementation Timeline (KFF.org) |
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| David Edman is currently serving on a Health Policy Team for Pennsylvania Attorney General Tom Corbett, who is preparing to run for governor this fall. In addition to helping position the Commonwealth's state-level response to health reform, David also continues to meet with elected representatives in order to have a positive impact on any policy 'fix' legislation and the writing of regulations for the current law. |
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| We'll continue to talk about Health Savings Accounts (HSAs) as an important element of a multi-year plan to control costs. Almost 15 years ago, Nobel Laureate Milton Friedman predicted the key role of HSAs. Read more. |
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| Shopping for Nutritious Foods When shopping for yourself and your family, always read the ingredient labels on food packaging. Large processing companies often use words on their packages that are deceptive marketing ploys. Try to avoid or minimize purchasing food with the following types of ingredients: enriched wheat, hydrogenated corn syrup, cottonseed oil, "natural flavors," or monosodium glutamate. These are additives that lengthen a product's shelf life or heighten the flavor so that your tastebuds cry out for more. Do the bulk of your shopping on the perimeter of the food store. This is where you will find greater nutritional value, where the dairy, meats, and fresh produce are located. Read more. | ||
About RMP
RMP draws on more than three decades of experience inside the healthcare industry, using a risk-management approach to create smarter purchasers and consumers of healthcare — exposing wasted spending and helping clients get consistent maximum value for their health-care dollar.
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David Edman, Managing Partner
175 Strafford Avenue, Wayne, PA 19087
610-975-4415
http://www.rmpllc.biz
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