How Corporate Health Insurance Policies Can Be Improved Essay

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Total Length: 650 words ( 2 double-spaced pages)

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The issues related to healthcare insurance have become a very polarizing and contentious issue over the last few years. Namely, the COVID- pandemic has exacerbated an already antagonistic issue between the healthcare industry, consumers and government. Here rising healthcare costs are harming the discretionary income of both consumers and society at large. Currently healthcare expenditures as a percentage of GDP is roughly 17%. Projections indicate that by the year 2030 healthcare costs will be 20% of GDP. The COVID-19 pandemic saw higher healthcare expenditures as consumers battled life threatening viruses and complications. High levels of inflection, reluctance from consumers to adhere to mask mandates, and a general ambivalence towards the virus helped to cause further increases in healthcare costs. This was ultimately compounded by business closures but further pressures on individual incomes and savings rates. Ultimately, this all culminated into a short, yet severe economic contraction throughout the world (Beam, 2012).To combat this problem the management problem identified was to help increase adoption of healthcare insurance programs within a corporate setting. Here, the idea is to leverage the insurance programs to help educate employees of the benefits of coverage.

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In addition, the corporate policy will allow employees to more easily opt-in to any applicable insurance coverage program. The primary adjustment will be related to the education…

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…reources team must ensure 100% compliance with this initiative while providing clarification as to the reasoning an employee didn’t attend (Biswas, 2012).In conclusion, this initiative is designed to help improve the overall awareness and education of employees as it relates to health insurance coverage. The readjustment or reassessment of the plan is related to the corporate mandate that all employees attend at least one benefits meeting session. The benefits of doing so help to improve outcomes for a variety of sources including employees, customers, the business itself and society. By embarking on this initiative, the company is also letting it’s employees know that it takes the health and well-being of….....

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"How Corporate Health Insurance Policies Can Be Improved" (2021, October 17) Retrieved May 22, 2025, from
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"How Corporate Health Insurance Policies Can Be Improved", 17 October 2021, Accessed.22 May. 2025,
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