
Employers are experiencing the development of a “perfect storm” in the workplace caused by three forces. First, medical costs are accelerating and with the coming health needs of the baby boomers. Second, employees have more health care needs than ever before with an obesity epidemic and sedentary life styles. Third, with a skilled labor shortage, employers will need to offer competitive benefits as an essential component of keeping and attracting talent. The force of this perfect storm promises to be so severe that the “wellness” of the workforce will become a very important corporate asset.
The costs of health care in the United States are rising at the fastest rate in history. In the past seven years, employer-based health insurance premiums have risen 4 times faster than wages.1 Medical spending has reached $1.9 trillion annually or 16 percent of the national gross domestic product, and is projected to climb to $4 trillion, or 20 percent of the GDP, by 2015.2 Total national health care expenditures rose 7.9 percent in 2004, more than three times the rate of inflation.3 Forty years ago American medical spending was estimated at 5 percent of national income; today it is calculated at some 16.5 percent and rising continually.4 By 2016 health care costs will double to 4.2 trillion dollars.
Health care costs and employer contributions toward health care premiums have increased to the level where they often determine whether a profit is made or whether the employer can continue in business. The reality today is that health is a performance driver. Investing in health not only controls expenses, but also protects and enhances human capital.
Do you have a physical activity program in place? All employers need to answer this question. A healthier workforce benefits employers by reducing health care costs and absenteeism, increasing productivity and improving employee morale. Quick Fit Products helps organizations reap the benefits of a healthier workforce through our products and services. Quick Fit, a simple physical activity program that gets people moving, targets sedentary, inactive employees who are often responsible for the majority of an organization’s increasing health care costs. Many organizations are already profiting from a shift in their focus from the cost of health care to the total value of health. Let Quick Fit help your company focus on the physical health of your employees as well as the fiscal health of your bottom line.
Home | Company History | Our Partners | News & Media | Industry Articles | Contact Us
Health Fairs | Health Screenings | Health Risk Appraisals | Health Education | Fitness Center Design | Fitness Center Management | Quick Fit | Instructor Training
Copyright © , L&T Health and Fitness. All Rights Reserved. www.LTwell.com
Phone: (703) 204-1355 ext. 30 or (610) 385-3085 Fax: (703) 204-2332 7309 Arlington Blvd. - Suite 202 Falls Church, VA 22042