washington d.c. – In a virtual event released today, the Protecting Americans’ Coverage Together (PACT) campaign highlighted new findings about the value and importance of employer-sponsored health insurance (ESI).
PACT is a campaign representing major U.S. employers focused on strengthening the ESI system and protecting the coverage and benefits families depend on for their health and well-being. Its members include the United States Chamber of Commerce, the Business Roundtable, the National Association of Manufacturers, the Council for Affordable Health Coverage, and Vermeer Corporation.
In support of the PACT campaign, the US Chamber recently commissioned Avalere Health to estimate the return on investment (ROI) ESI provides to employers with 100 or more employees. The report found a +47% return on investment for employers with more than 100 employees who offer CSE to their workforce. Highlighting the importance of quality coverage, Avalere found that employers who invest more in their health benefits see the greatest return on that investment.
ESI is the backbone of the US healthcare system and is essential to ensuring a healthy workforce. During the discussion published today, PACT members explored worker productivity, quality of care, retention and recruitment, and the overall value generated by ESI for employers and employees.
The entire recorded conversation can be viewed here.
At the event, participants from PACT member organizations made the following comments on the importance of CSE:
“Employees, healthcare providers and communities benefit from ESI, and businesses also benefit significantly with a 47% return on investment in 2022,” said Katie Mahoney, Vice President, Policy. healthcare at the United States Chamber of Commerce.
“Studies show that health coverage is a critical benefit for both employers and employees. The Council for Affordable Health Coverage supports the expansion of employer-sponsored health care to include more Americans, creating a stronger economy and healthier workforce,” said Joel White, president of the Council for Affordable Health Coverage.
“About 99% of NAM member companies offer health benefits to attract and retain talent, to maintain a healthy workforce, and because they believe it’s the right thing to do for their employees. “said Robyn Boerstling, Vice President, Infrastructure, Innovation and Human Resources. Resource Policy at the National Association of Manufacturers.
“Business Roundtable CEOs are committed to ensuring that our more than 20 million employees and their families have access to affordable, quality health care, which is why it is essential that we strengthen sponsored coverage. by the employer,” Corey Astill, Vice President, Health and Retirement, Smart Regulation told Business Roundtable.
“As a global company, knowing our team members and the communities they come from gives us the edge in providing access to quality, affordable care for our team and their families,” said Teresa Hovell. , Benefits Manager at Vermeer Corporation.