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Cost Of Health Care Analysis

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Cost Of Health Care Analysis
The cost of health care is a topic of concern for most people. The cost of health care is expensive and can be a deterrent for receiving necessary medical services. The increase of the health plan to an additional 15% may be problematic for some people; therefore, the company needs to provide them with viable options. While the increase will not make the insurance affordable according to Flynn, (2017) employees who are aware of how much an employer contributes to health plan will appreciate their company’s financial commitment to provide coverage (p. 4). The three managed care options that may a cost-effective alternative are (1) Health Maintenance Organization (HMO), (2) Preferred Provider Organization (PPO) with a health savings account (HSA)
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