Assignment:
I. Economic Outcomes of Using Financial Incentives to Influence Employee Health Care
A. Do these programs really work?
i. Studies show that there are some benefits, however data can be misleading. "Despite examples of programs that work, many programs do not employ best and promising practices. Of the increasing numbers of workplace health promotion programs, many are ineffective because of underinvestment, improper design, poor implementation, and uneven evaluation." Goetzel, Henke, Tabrizi, Pelletier,Loeppke, Ballard,. . . . Metz, (2014).
B. Changes in employee absenteeism and productivity
i. "A recent meta-analysis showing a $3.27 decrease in medical costs and a $2.73 decrease in absenteeism costs for every dollar spent." (Madison, Volpp, & Halpern, 2011)
C. Change in medical costs
i. Return on Company investments
D. Decrease in premiums for employees meeting criteria