Healthcare Cost Governance: New Frontier for Shared Services/Global Business Services?
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What is "healthcare cost governance"? Why is it so important to large self-insured organizations?With healthcare costs growing at nearly 3 times the rate of inflation, it is now the second largest "people" expense behind salary. It's projected to continue to grow at 6% per year through 2023, per the Medicare administration. Healthcare represents about $13,000 per U.S. employee, with the employer typically picking up $10,000 of that total. So, for a 10,000 employee U.S. based company, that’s $100...
