Employers Navigate Dual Challenges of Controlling Health Care Costs and Compliance

Strategic Insights -

Fortune 500 employers are tackling the difficulties of managing health care costs while adhering to the numerous compliance requirements stemming from the Affordable Care Act (ACA). At the HighRoads 2011 Customer Summit, May 2-4, prominent employers, including AT&T, Boeing, Deloitte, The Coca-Cola Company, Pitney Bowes, and Lockheed Martin, will share strategies for reducing compliance-related costs without compromising employee health care benefits.

Key Takeaways:

  • Employers are grappling with the dual challenges of controlling health care costs and complying with ACA requirements.
  • The HighRoads 2011 Customer Summit will feature presentations from Fortune 500 employers, including AT&T, Boeing, Deloitte, and The Coca-Cola Company, on strategies for reducing compliance-related costs.
  • Thomas Barker, former General Counsel of the U.S. Department of Health and Human Services (HHS), will deliver the keynote speech, discussing his experiences in implementing complex health care reform legislation.
  • HighRoads clients, representative of innovative human resource organizations, are seeking guidance on ACA regulations and additional ways to reduce costs and increase employee satisfaction.
  • The HighRoads Summit will cover topics such as benefits governance, centralizing global data, leveraging technology, and effective communication with employees.

Statistics:

  • 7 major employers, including AT&T, Boeing, and Deloitte, will share their strategies for reducing compliance-related costs.
  • Thomas Barker, former General Counsel of HHS, has extensive experience in implementing major health care reform initiatives, including Medicare Part D.
  • HighRoads clients are seeking guidance on ACA regulations and cost-control measures, indicating a growing need for innovative solutions.
  • The HighRoads Summit will focus on trends in healthcare benefits planning for 2012 and beyond, providing valuable insights for HR, benefits, and compliance professionals.

Sources:

- "HighRoads Announces Speakers for 2011 Customer Summit in Boston" (no date specified)

- "About Thomas Barker" (Foley Hoag LLP)

- "About HighRoads" (HighRoads)