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-- -- -- Well health care costs are on the rise that's according to a new study out this week from a Hewlett companies will be -- will have to shell out a record 101000 dollars.
On average per employee unit share in Europe where it could be passing some of the costs on to you.
Now for more shocking.
I'm joined now by Jim -- -- he's managing principal I had a on Hewitt -- it.
You know we've been hearing how these costs have gone up but I think anecdotally a lot of the viewers already kind of figured this but.
This is a big number 101000 dollars per worker.
Yes it is it is and and the portion of that that employees are gonna pay out of their paycheck.
Is a little more than 15 about a little over 2300 dollars which is which is really substantial for people what is driving this.
But a couple of factors that are driving it that the biggest factor is that employers are.
Are seeing a lot of high cost claims as a result of of people generally being -- -- a lot of diabetes cardiovascular disease disease a lot of things from by the fact that a third of the American population is is obese and that's that's a big driver of health care costs.
So yeah I intend this is I want -- I don't know of it sort of like a over the politically corrected talk about this door.
But what can be done what can employers do what can the government do is say hey you know what this is costing us billions maybe trillions of dollars down the road.
Yeah its interest in any reference that is politically correct because -- in many ways we've.
We've gotten over that with with a health issue like smoking -- we make people go out to the loading dock to smoke.
But we've never we never say hey you're overweight you gotta go you launch -- back.
It's a difficult issue for employers to -- what employers are starting to do is become more requiring their employees to say.
You need to do things like fill out a health risk questionnaire or participate in.
Preventative care services a wellness programs if you want to be able to get better benefits from from your employer is starting to see those things play out.
Now of course this this obesity epidemic is in -- and our country so they had to have factored this and when we were promised that the health care along with the quote unquote -- that.
-- the cost curve.
Why isn't the cost -- -- well I think it's important to remember with with Health Care Reform that the vast majority of the provisions in now law.
Don't really come into effect until 2014.
-- that's you see state exchanges and expanded coverage.
Employers mostly employers we work with are skeptical.
As to whether.
They'll see the benefits of Health Care Reform bending their cost curve as opposed to it impacting.
The overall two and a half trillion dollars was -- health care -- a country.
Jim have you singing this friend impact the way employers are hiring.
It is there's suggests that maybe people are looking for healthier candidates in to get to candidate to one looks overweight what they go for the guy who guy girl who seems better.
Well we certainly haven't I haven't seen that.
And necessarily end in any organizations that that we work with that they on do it but where I think it does have an impact is it's a significant cost.
And there's a lot of evidence that it is leading to a contributing to.
Lower -- growth rate in wages.
It's definitely a factor that employers take into account.
When they're trying to figure out how many people they can afford to hire.
And that becomes this sort of itself the filling cycle.
You don't hire enough young healthy people -- workforce gets older and sicker -- health care costs go up which makes it harder to hire people and so on so really is an issue that we have to get our arms around.
You know we gotta say thanks a lot for the survey this is something everybody's worried about its critically important so -- quickly we appreciate it a a -- at that keep up the good work.
Thank you thanks have me a you got it we'll coming up more more stock watch before the closing insiders are buying --
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