Michael Haghighat and Ms. Deepa Gupta from Globalview Advisors attended the Orange County Chapter of Financial Executives International (OC-FEI) Dinner Meeting on “The American Healthcare Crisis: What Employers Can Do About It?” The event was held at The Pacific Club in Newport Beach on March 11, 2020.
Forty-nine percent of Americans receive healthcare benefits through their employers, and while healthcare is an American crisis, it is also a business crisis. Medical premiums continue to rise on average 6-10% per year with no end in sight. What can businesses do today and in the near-term to control costs?
The speaker of the evening was Ms. Leslie Slay, Senior Vice Present of Employee Benefits and Partner at Woodruff Sawyer. Ms. Slay discussed the current state of the union with regards to costs and prices, a projection of where costs are headed with no intervention, introduced new ideas/concepts of controlling and mitigating expenses and where employers and business owners can take back some control. Participants walked away with a few things to consider regarding their own healthcare spend.
Globalview Advisors has been a proud sponsor of the OC-FEI since 2013. The OC-FEI is the premier organization for financial executives in the Orange County area. OC-FEI promotes interaction among its members and holds programs and workshops to enhance their professional knowledge and qualification.