The Fox Cities Chamber of Commerce and Industry recently announced that it is launching a new effort to help mid-sized employers - those with 50 to 500 employees - control their health insurance costs. The effort is being called the Fox Cities Chamber Health Care Collaborative.
"Employers consistently tell us that managing ever increasing health insurance costs is the single biggest challenge they confront," said Chamber President/CEO Bill Welch. "We believe that by working together it will be possible to reduce insurance premiums by adopting a health cost management model that will restrain costs going forward."
The strategy the Chamber plans to employ involves aggregating a number of area employers, all of whom are willing to make a commitment to adopting health plans with a strong wellness component. The design of plans to be offered will feature a high deductible health plan tied to a Health Savings Account (HSA) or Health Reimbursement Account (HRA). Participating companies will agree to mandatory health risk assessments, as well as an emphasis on prevention and efforts to promote wellness within their organizations.
"All of the studies we've examined suggest the model we're pursuing holds the greatest promise in helping us promote the best health outcomes, while at the same time making it possible to restrain health care costs-now and in the future. Helping our members devise effective health care solutions through the collaborative is a very important service we can offer area firms," Welch concluded.
The Fox Cities Chamber is the second largest local business association in Wisconsin with more than 1700 business members. The Chamber has offered a very successful insurance product to more than 550 area firms through its provider partner, Network Health Plan. It sees the Chamber Health Care Collaborative as a logical next step in efforts to help its members. – less – More from ZoomInfo »