How to improve health outcomes and keep healthcare spending low

• What is at stake: Rising health care costs threaten employers’ affordability, coverage options, and competitiveness.
• Supporting data: Healthcare spending is expected to increase by 6% annually from 2023 to 2033.
• Look ahead: A Preventive Investment Plan Deloitte model suggests savings of up to $2.2 trillion per year by 2040.
• Source: AI-generated bullet points through editorial review

As healthcare costs continue to rise, leaders face pressure to: Maintain a balance between reasonable price and quality controlBy taking strategic steps, you can achieve both.

Currently, health care costs are expected to increase about 6% per year from 2023 to 2033, according to the Centers for Medicare and Medicaid Services. As a result, healthcare will become a larger share of the U.S. economy, which will ultimately increase costs for employers and potentially limit coverage options for employees. But new research from professional services firm Deloitte shows that organizations Take control of your new expenses We have made several key changes to our healthcare strategy.

“If we can transform the industry from today’s reactive health care system to a truly preventative health system, we can not only improve people’s lives and help extend their healthspan, but we can also save significant costs,” said Dr. Kenneth Abrams, Deloitte Chief Medical Officer.

Read more: How Twin Health Helps Employees Take Control of Diabetes Forever

According to Deloitte data, investments are Disease prevention, early detection and other proactive measures It could save the U.S. health care system up to $2.2 trillion per year by 2040. Organizations can see the same cost savings by supporting early detection and proactive treatment. This can help reduce long-term healthcare costs, minimize absenteeism, and improve overall employee well-being and productivity.

The Role of Prevention and Primary Care

priority Treatment and Management of Chronic Diseases According to Abrams, managing health conditions such as diabetes, vascular disease, metabolic disorders and musculoskeletal issues is one of the most impactful improvements leaders can make to existing healthcare strategies. If caught early enough, many chronic diseases can be avoided or even reversed through preventive treatment and lifestyle changes. The first step is for leaders to evaluate what is and is not included in their current plan and look for alternatives, such as medical screenings, immunizations, and routine checkups. As a result, employees become healthier and happier. Over time, this will reduce costly insurance claims..

Additionally, leaders should: Providing targeted educational resources and raising awareness Explain chronic disease management while promoting updates on benefits and coverage. Managing a chronic illness can make navigating the healthcare system more complicated. It often prevents staff from accessing or utilizing care. They are needed.

“People who are managing chronic conditions and wanting to be healthy need different types of information at different times than their peers,” says Abrams. “Providing the right kind of intervention can be very valuable and effective.”

Read more: 3 Strategies to Manage Rising Healthcare Costs in Your Benefits Plan

Appropriate primary care can play an active role in: ensure the success of such efforts. According to Abrams, regular blood pressure checks, blood tests and immunizations are equally important in improving and maintaining better health outcomes. So he suggests leaders consider switching to one of the following plans: Requiring or encouraging a primary care provider. The impact of these changes is not limited to improving health outcomes, but is felt directly in the workplace.

“We know that when people who take care of themselves are healthier, they have more presenteeism and less absenteeism,” says Abrams. “We also know that when they are physically and mentally healthy, they tend to be more productive at work.”

with The current landscape shows no signs of slowing down or stopping. Sooner or later, leaders will need to think about how they can remain competitive as healthcare systems change, and making intentional changes to their health and wellness strategies can help them do so.

“Healthcare costs are increasing significantly, and it is very important to stay ahead of them,” says Abrams. “Companies that actually invest in improving people’s health ensure they are employers of choice.”