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They must understand the capital outlays required for health care and make plans to fund these outlays. Firms that budget for health care effectively are the ones that are spending on prevention and increasing co-pays, to ensure that outlays are reduced and inflows are increased.
Analysis: The rising cost of health care is a major concern for firms. They need to remain competitive, but increasing amounts of their budget are tied up in health care costs. The estimate of $29,000 per employee just on health care costs ten years from now has a profound impact on the budgeting process. Firms have several ways to address this issue. In the article it was discussed that firms seek to lower the cost of health care by reducing the need for it. Over the long run, a logical conclusion is that firms will make investments in technology or techniques that allow them to employ fewer people. Budget decisions and investments...
Pending the results of health care reform, firms must find creative ways to finance their health plans. At this point, they are absorbing much of the cost, and passing the rest onto their employees. The time will come, however, when they can no longer pass costs along and will need to have sufficient free cash flow to pay for health care premiums. Companies exist to make profits for their shareholders, not to send all of their money to insurance companies. The budget process will be concerned in the short-term with finding ways to contain costs, but in the long-term the role of health care coverage in the firm's budget will be addressed directly, and firms may need to cut coverage in order to stay…
In the U.S., administrative costs are 31% of health care costs, compared with 19% in Canada. The proposed health care reform is also expected to improve health outcomes. By shifting some of the focus of the system away from maximizing shareholder value and towards improving health outcomes, Americans should live longer, have better access to care, see improved quality of life and have lower mortality rates for a number of
…Occupational Stress and Scientific MonitoringLiterature Review2.1 IntroductionThe definition of the term �occupational stress� is derived from the definition of its two constituent words. In this context, occupational refers to anything that is related to the workplace while stress is defined as a natural body reaction from physical, mental or emotional strain in an individual. Thus, occupational stress can be defined as any mechanism by which the body attempts to adapt
Once the report is analyzed, we have a sense of how the SWOT will shape up. However, this must be supplemented with sources that have less bias. For a company analysis, this tends to be the financial news, of which there are dozens of quality sources. Academic research seldom provides sufficient or timely insight into a company's operations, but may have value for broad-based issues. The insurance industry, for example,
20th century has been one of remarkable technological advancements and of increased need to further improve human existence and the speed through which man runs about its everyday life. These ideas alone have demonstrated an immense capacity of man to research and invent new ideas, mechanisms, and to elaborate on the most important technological evolutions to set these mechanisms in motion. However, these evolutions have not been without flaws