Burnout develops in the workplace not the worker | Mich. insurer takes aim at maternal care gaps | Voluntary benefits offered to help employees manage costs
February 27, 2020
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Best Business Practices
Burnout develops in the workplace not the worker
Burnout is a "workplace phenomenon," not an individual problem, according to the Harvard Business Review, and entrepreneur Aytekin Tank writes about a three-step system to beat it. Start by examining leaders' unhealthy expectations, address exhaustion before it causes problems and ask employees what they need, he recommends.
Full Story: Entrepreneur online (2/24) 
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Prospects, Products and Market Trends
Priority Health announced that it will offer financial incentives to health care providers who will adopt the Centering Healthcare Institute's CenteringPregnancy value-based care model as part of efforts to reduce racial disparities in maternal and infant mortality rates in Michigan. "By incentivizing Centering visits, Priority Health is recognizing the investment required by providers to transform care delivery from an individual to a group care model," according to a Priority Health press release.
Full Story: Health Payer Intelligence (2/25) 
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Brad Galiney of Voya Financial says to help employees with health costs, employers are offering voluntary benefits, such as critical illness insurance, disability coverage and supplemental health benefits, and pairing them with high-deductible health plans that have lower monthly premiums. Voluntary products can provide workers with money they can use how they choose, such as to help offset the cost of a deductible or for coinsurance.
Full Story: PlanSponsor (2/2020) 
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Only 16% of millennials correctly answered three financial questions, compared to 49% of respondents aged 70 to 74, according to a recent study. Andrea Hasler, the study's author, says the results are especially troubling as some students will soon be going into debt for their college education.
Full Story: Yahoo (2/25) 
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Avoid misdiagnoses and missed diagnoses.
When Ashifa's surgeon told her to clear her schedule for a few months for treatment, her heart sank. Then she asked for another opinion. Listen to her story and discover how Teladoc Health Expert Medical Services prevented unnecessary treatment—saving her and her employer time and money.
Policy and the Health Care Landscape
Trump appoints Pence to lead coronavirus response
Trump and Pence (Tasos Katopodis/Getty Images)
President Donald Trump appointed Vice President Mike Pence to lead the government's coronavirus response and said health experts are ready to move quickly if the virus spreads in the US, but he said the risk to the American public remains "very low." CDC officials have confirmed the country's first COVID-19 case that does not involve travel to a region where the virus is spreading or known exposure to a person with the illness.
Full Story: Reuters (2/27),  National Public Radio (2/26) 
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Financial professions are cheering a statement by a spokesman for Massachusetts Secretary of the Commonwealth William Galvin making it clear that the state's new fiduciary standard doesn't apply to sales of variable annuities. Under Massachusetts law, variable annuities are considered insurance products, not securities, making them exempt, the aide said.
Full Story: InvestmentNews (tiered subscription model) (2/26) 
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A bill passed by the West Virginia Senate and sent to the state House would cover up to $1,000 worth of dental care annually for adult Medicaid beneficiaries. "It's going to help the overall health of the West Virginians, decrease health costs for West Virginians. It'll help with workforce," said Senate Health and Human Resources Committee Chairman Mike Maroney.
Full Story: West Virginia Public Broadcasting (2/26) 
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Even as the US prepares to battle coronavirus, the latest public health threat, officials are having to renew their battle against diseases they had made progress against or had overcome, such as halting measles and reducing heart disease deaths. Challenges to past gains come from parents who avoid vaccinating their children, obesity, vaping and superbugs.
Full Story: Kaiser Health News (2/26) 
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Health Insurance Provider Company News
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