The cost of healthcare is rising every year, for both employers and individuals. There are a lot of factors that lead to this situation, not all of which are within the control of employers or their workers. But there are still some ways that companies and their employees can combat the rising cost of healthcare: implementing corporate wellness programs.
According to the CDC, 75% of healthcare costs are generated by chronic diseases, which include heart disease, stroke, and obesity. In addition to being the biggest burden on the healthcare system, many of these conditions are also largely preventable. Stroke, heart attack, and other chronic health problems are often caused by lifestyle choices, meaning that programs that help people reverse harmful lifestyle choices can largely lead to these kinds of health problems being prevented.
Workplace health programs don’t just improve the overall health of the people who work at a company; they reduce that company’s healthcare costs as well. People who live healthy lifestyles tend to have lower health claims, resulting in savings for them and the companies that pay a portion of their employees’ premiums. And, when employees live healthier lives, they are less likely to miss work due to illness. Corporate health initiatives help reduce costs both by reducing sick days and by bringing down the cost of health care.