17 min

Health-Wealth Convergence, Part 2 strategy+business/Knowledge@Wharton Podcasts

    • Business

As health care costs skyrocket, employers are finding it increasingly difficult to offer comprehensive health benefits, and the burden of health care financing is gradually shifting to the consumer. According to experts at Booz Allen Hamilton, consumers will need to meet this challenge by planning for their health care costs as they do for their other financial expenditures, by tapping into products aligned with the financial services life planning cycle. strategy+business and Knowledge@Wharton recently spoke with Joni Bessler, vice president at Booz Allen Hamilton, and Kent Smetters, professor of insurance and risk management at Wharton, about what this "health-wealth" convergence could look like. In this second part of a three-part interview, Bessler and Smetters discuss the potential impact of a health-wealth convergence on employers and employees, and how providers might structure plans that could address both individual and group markets.

As health care costs skyrocket, employers are finding it increasingly difficult to offer comprehensive health benefits, and the burden of health care financing is gradually shifting to the consumer. According to experts at Booz Allen Hamilton, consumers will need to meet this challenge by planning for their health care costs as they do for their other financial expenditures, by tapping into products aligned with the financial services life planning cycle. strategy+business and Knowledge@Wharton recently spoke with Joni Bessler, vice president at Booz Allen Hamilton, and Kent Smetters, professor of insurance and risk management at Wharton, about what this "health-wealth" convergence could look like. In this second part of a three-part interview, Bessler and Smetters discuss the potential impact of a health-wealth convergence on employers and employees, and how providers might structure plans that could address both individual and group markets.

17 min

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