According to a recent article by Time magazine, Americans have the highest healthcare spending per person and the lowest life expectancy out of the six developed nations studied.
In an effort to see where the money goes, the article claims that in a privatized insurance system, most of the money goes to healthcare administration.
While most employed adults get insurance through employer-sponsored plans and are happy with the coverage. The portion of expenses that their employer pays directly affects the wages and other benefits the employer is prepared to offer.
Contact PEG Benefits today to learn how employers can reduce their healthcare spend so employers can put more of that money in their employee’s pockets.