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Poor Health Costs U.S. Employers $530 Billion
Integrated Benefits Institute
Nov. 15, 2018 "US employers paid nearly $880 billion in health care benefits for employees and dependents. However, illness-related lost productivity costs them another $530 billion per year ... That amounts to 60 cents for every dollar employers spend on health care benefits. Employees covered for sick time, workers' compensation, disability, and family and medical leave benefits are absent about 893 million days due to illness and incur an estimated 527 million lost work days due to impaired performance. This totals almost 1.4 billion days annually of employees absent -- greater than every nurse in the US missing a year of work." MORE >> |
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