A growing body of evidence suggests that employers’ motivations for improving the overall health of their employees should extend far beyond the need to control the inflation of their medical costs.
Poor workforce health management costs employers an estimated $576 billion a year, only 40% of which is attributable to medical costs, according to the San Francisco-based Integrated Benefits Institute. The remaining 60% of those costs represents lost productivity and wage replacement expenses driven by short- and long-term disability and workers compensation claims resulting from untreated or undertreated chronic conditions.
Read the full report here.
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