The shifting medical economy: Impact on workplace health
The aging workforce and increase in chronic conditions are driving changes in healthcare funding and delivery.
Employers are opting for private medical insurance to keep their workforce healthy and improve recruitment and retention. The UK is experiencing a shift in the medical economy, with advancements in medical technology and a focus on diversity, equity, and inclusion. However, health inequalities and lowered healthy life expectancy pose challenges for employers.
Rising medical inflation presents both problems and opportunities for reward and benefits professionals to make a difference in employees' lives. Despite the challenges, there are opportunities to create a healthier workforce for the future.
The big picture
Our research explores what is causing the shift in the medical economy, the exciting developments in medical advancements and what this could mean for employers and people risk. It also also assesses how these developments contribute to diversity, equity and inclusion (DEI) aims, and what more employers can do to reduce inequality.
Explore the findings
This report has been developed in partnership with the Reward and Employee Benefits Association and looks at what is causing the shift in the medical economy, the exciting developments in medical advancements and what this could mean for employers and people risk.
Author
Mike Naulls
- UK Corporate Growth Leader, Mercer Marsh Benefits
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