Tuesday, November 09, 2010

Sobering statistics

While reading through a few back issues of the IDEA fitness journal I stumbled upon an a very interesting article on the culture of wellness and the need for self responsibility.

A side bar to the article looked at number of "sobering statistics" related to children, adults and corporations, and although the statistics regarding the health status of children are extremely alarming, they have all been written about many, many times.

I decided to present a few very interesting, if not shocking, corporate numbers from research findings over the last 5 years.

The reason for deciding to look at the corporate cost is because Innovative Fitness are now actively involved in developing and delivering corporate health and wellness packages and programs to organizations.

Here is some healthy and nutritious food for thought!
  1. As a result of the recent economic challenges, 60% of U.S companies have changed or plan to change their health care strategy.
  2. In 2009, employers were paying 29% more on health care than they did in 2004.
  3. Companies that have managed their health care costs effectively have saved more than $60 million since 2004. How?
    • Through financial incentive programs
    • Through effective delivery of information to employees
  4. The average cost of health care per employee in the U.S in 2008 was $7 173
  5. In terms of Dollar savings, companies that spent money of health and wellness programs, saved between $1.49 - $4.91 per $1 spent.
  6. $45 Billion - the cost of obesity on companies as a result of medical costs and work losses.
  7. In 2008, 40% of companies implemented obesity-reduction programs
Looking to the future:
  1. 50% of companies plan to introduce or increase investments in health and wellness programs.
  2. 32% of companies have or plan to introduce or increase financial incentives for health and wellness promotion activities, in the form of:
    • Bonuses
    • Premium discounts
  3. And if these programs are not adhered to or utilized by employees? 45% of companies plan to introduce or increase penalties for non-participation.
Effective strategies to lowering health care costs include:
  1. Offering appropriate financial incentives to those participating in programs
  2. Delivering information on health and wellness effectively and consistently
  3. Provide quality health care along the entire health and wellness spectrum
  4. Use metrics and evidence based feedback to support and develop programs
  5. Maximize health and productivity through the implementation of 1 - 4
It is clear that the health of the population in all areas of existence is being threatened, and not only is it costing us our health, but it is costing us billions of dollars every year.

Source: Idea fitness journal: October 2009, volume 6, number 9

1 comment:

Anonymous said...

Wow this is a great resource.. I’m enjoying it.. good article