Legislation Would Increase Health Care, Employee Benefit Transparency
Several pieces of legislation are proposed designed to bring increased transparency to health care and employee benefits.
“For most employers, employee benefits is a top 3 expense, and a cornerstone to recruiting and retaining a talented workforce,” says Bob Gearhart Jr. of DCW Group.
In this installment of The New Benefits Blueprint, Gearhart Jr. discusses a few recent legislative proposals and how they could affect your benefit plan.
“Where else in your business do you have an expense the size of your employee benefits where you have zero transparency into the purchase agreement?” ask Gearhart.
Increased transparency and accountability are a step in the right direction, but legislation always moves slow.
To learn how to provide increased transparency to your benefit plan right now, watch the video above.
Gearhart Jr. was named Rising Star in Advising by Employee Benefit Advisers magazine, a finalist for Broker of the Year by BenefitsPRO magazine, and has been awarded multiple awards by the Association for Insurance Leadership. He is a nationally recognized speaker on health care and employee benefits frequently appearing on radio, television, and in print to provide expert knowledge concerning the ever-changing landscape surrounding health care in America.
Gearhart Jr. also co-authored the Amazon best selling book “Breaking Through the Status Quo: How Companies Are Changing the Benefits Game to Help Their Employees and Boost Their Bottom Line.” In the book, Gearhart Jr. explains the power of data analytics to inform and guide decisions that can lower health-care costs in group health plans.
In his current role at DCW Group, he and his team relentlessly focus on delivering measurable, repeatable, and predictable reductions in health-care costs for their employer clients while simultaneously improving the benefits for their employees.
DCW Group is an employee benefits and business consulting firm with a goal of making its clients more profitable and productive at their core business, by improving the way they procure health care.
DCW accomplishes this by implementing strategies that create measurable, repeatable and predictable reductions in health-care costs for their employer clients while simultaneously improving the benefits for their employees. Understanding the business models of stakeholders within the health-care supply chain and employee benefits allows DCW Group to eliminate waste, provide transparency and return stakeholder profits to their clients.
Have employee benefits questions? Email Bob Gearhart Jr. at BobJr@dcwgrp.com.
Copyright 2020 The Business Journal, Youngstown, Ohio.