CVS weighs in on employer insurance in 2014
Isn’t that funny? A day after I wrote a post about whether companies will continue to offer health insurance once the health care overhaul goes into effect, I got an email notice about CVS’s stance on the issue.
The headline in my inbox read- “CVS Caremark Chief Medical Officer Outlines Employer Options When Health Exchanges Take Center Stage in 2014” but the article came down in full support of keeping employer sponsored health plans- [emphasis mine]
Troyen A. Brennan, MD, MPH, executive vice president and chief medical officer of CVS Caremark told attendees at the National Business Group on Health (NBGH) annual meeting today that if they want to best manage the health and productivity of their employees, they need to continue company-sponsored health plans.
The article acknowledged the various research out there about employer sponsored insurance after 2014, citing some of the same studies I mentioned in yesterday’s post. But, despite inconsistencies in the results of the studies, CVS’s chief medical officer Troyen Brennan believes the choice is clear.
Do you stay in the driver’s seat and proactively manage the health and productivity of your workforce, or do you climb into the back seat and take your chances?
Employers, do you agree with Brennan? How might CVS benefit from companies keeping their health insurance plans? Or is Brennan just offering sound business advice?