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Coporate Wellness Program

Research Technical Report
Return on Investment from Wellness Care Program

MBAM 5223

ABSTRACT

Corporate wellness programming is on the rise for many American employers. Lifestyle choices such as smoking, sedentary behavior, poor nutrition, obesity, and stress accounts for more than half of premature deaths reported on a yearly basis. Moreover, chronic disease are prevalent among one third of working age Americans, accumulating to over 75% of the nation’s annual health care cost.

The constant increase in health cost has had a huge impact on employers. According to Udall-Bono Healthy Workforce Bill Offers Biz Important Tax Breaks (2007), in 2006, total annual health spending is an estimated $2.2 trillion while the average employer medical costs increased 72 percent between 2002 an 2006.

By 2014 our country’s total health care expenditures are estimated to reach $3.6 trillion. In turn, corporate wellness programs are being implemented to help create a healthier workforce and decrease employer health care cost through wellness promotion and disease prevention. This paper will discuss the background, regulation, and future direction of corporate programming.
http://findarticles.com/articles/mi_m3495/is_6_53/ai_n27503948/pg_6

KEY WORDS

“Health Care” † The prevention, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical and allied health professions.

“Statistics” † A type of mathematical analysis involving the use of quantified representations, models and summaries for a given set of empirical data or real world observations. Statistical analysis involves the process of collecting and analyzing data and then summarizing the data into a numerical form. Statistics is a general term used to summarize a process that an analyst, mathematician or statistician can use to characterize a data set. If the data set is based on a sample of a larger population, then the analyst...