PwC is pleased to announce the availability of our 2014 Health and Well-being Touchstone Survey results. The 2014 survey data contains detailed benefits information provided by approximately 1,200 participating companies in 35 different industries across the nation.
Healthcare trends continue to challenge benefit strategies, resulting in cost shifting through both employee contributions and plan design changes (both medical and prescription drug) as employers look for ways to manage the ever escalating cost of health care benefits. Amidst the new and often complex regulatory requirements of ACA and rising health care costs, employers remain committed to providing benefits, but at the same time are re-evaluating their benefit strategies as they try to optimize the impact of consumerism, wellness and overall engagement in an effort to finally bend the health care cost curve. Over 60% of employers have either implemented or are considering implementing high deductible health plans as the only option, and over 85% have or are considering implementing worksite wellness programs. Additionally, about one third of employers are considering implementing private exchanges for their active populations, and leveraging high performance (tiered) network solutions, while over 40% are interested in value-based designs. Employers are no longer taking a wait and see approach, but are being more aggressive in moving toward longer term benefit solutions.
PwC's annual Touchstone survey is one of the most comprehensive studies available on benefit plans offered by US-based employers. PwC conducted the 2014 survey, the seventh in the annual series, to uncover and keep track of key trends around benefit program strategy, design and administration.
The 2014 survey provides summary data on medical, prescription drug, and dental plan design, costs, COBRA rates, wellness and disease management programs, work-life programs, fringe benefits, future healthcare strategies, retirement benefits, and healthcare reform.
Customized reports, based on industry, size and geographic location are available only to survey participants. If you are interested in participating in next year's survey, please contact Kimberly Antonelli.