StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

A concern on the rising cost of healthcare premiums - Speech or Presentation Example

Cite this document
Summary
“Ladies and gentlemen, it is my pleasure to be granted this grateful opportunity to make clarifications on our plan to charge some workers in this company an additional 10 percent over those ones paid by other workers. Even with the enactments of the congress, the premiums…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
A concern on the rising cost of healthcare premiums
Read Text Preview

Extract of sample "A concern on the rising cost of healthcare premiums"

The paper "A Concern on the Rising Cost of Healthcare Premiums" is an excellent example of a speech or presentation on business. “Ladies and gentlemen, it is my pleasure to be granted this grateful opportunity to make clarifications on our plan to charge some workers in this company an additional 10 percent over those ones paid by other workers. Even with the enactments of Congress, the premiums are increasingly becoming more expensive and wide each and every day. Due to this, as a company we thought it wise to have those employees with chronic conditions and illnesses that are considered to be lifestyle-related such as obesity, effects of smoking, excessive alcohol use to pay more than their counterparts who lack.

Distinguished guests, this was arrived at due to the various reasons (Barry, 26).  To start with, we don’t want to risk the high cost of maintaining these people’s health alone. The previous premiums they have been paying in the past cannot maintain their conditions completely. If we fail to actualize our plan, we will run into losses. Who amongst you likes profit? Definitely no one. We, therefore, want to spend the profit we have on profitable activities such as product promotions, company expansion, and capacity building among others.

As you all know, most of the companies in the United States such as Walmart are involved in this kind of arrangement and is paying off well. Why should we be left out? Secondly, the world of business today ladies and gentlemen requires brave minds that adjust and fit any changes that come forward. Economically if we focus on spending heavily on employees having lifestyle complications, we will end up running into minimizing our shareholder's income. With this arrangement, those payments will be used to cover for the expensive medical expensive in the event some of the employees suffer from lifestyle-related complications.

It will save our company time and much more resources thus not disrupting our normal running (Barry, 78). In addition, the patients will have access to medical attention and hence get value from their money. Furthermore, this plan is 100% cost-free as stated earlier. It also improves employee health and productivity. This will come due to most employees quitting their unhealthy lifestyles because of the high premiums. Their health will improve and hence focus on their jobs. This will enhance effectiveness and efficiency thus productivity (Barry, 67).

The customer relations and satisfaction from our company is projected to improve .normally, most of our customers are non-drinkers and non-smokers. If they realize that our firm has taken such measures, they will be so grateful and happy to be associated with us thus increasing our customer base. This will also improve our reputation. Approximately, the US economy suffers a cost of $12 billion a year due to the treatment and maintenance of such kinds of patients. We want to help alleviate this and position our economy in the best global ranking.

Our company also wants to go this way to avoid the maintenance and production costs caused by the absenteeism due to illnesses from the patients (Barry, 90). Finally, we are the only company in this state that has come up with such a plan. It will help us achieve national reputation and recognition. Thank you for your cooperation.”

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(A concern on the rising cost of healthcare premiums Speech or Presentation - 1, n.d.)
A concern on the rising cost of healthcare premiums Speech or Presentation - 1. https://studentshare.org/business/1829376-communication-in-economics
(A Concern on the Rising Cost of Healthcare Premiums Speech or Presentation - 1)
A Concern on the Rising Cost of Healthcare Premiums Speech or Presentation - 1. https://studentshare.org/business/1829376-communication-in-economics.
“A Concern on the Rising Cost of Healthcare Premiums Speech or Presentation - 1”. https://studentshare.org/business/1829376-communication-in-economics.
  • Cited: 0 times

CHECK THESE SAMPLES OF A concern on the rising cost of healthcare premiums

Uninsured patients in relation to nursing profession in America

A Proposed Change for the Non-group Market: The persistently high number of uninsured individuals and the cost of individually purchased policies have resulted in numerous proposals to modify the current system.... Furthermore, he attributes the drop in take-up to the rising costs facing employees.... Rising premiums increase an employer's cost.... Between 2000 and 2001 premiums for employment-based insurance increased by 11 percent, and they increased by another 12....
4 Pages (1000 words) Essay

Containing the Health Costs of the Uninsured

These rising costs are also impacted by the rising number of uninsured and the reduction in employer sponsored healthcare policies.... Texas has been especially affected by the rising rates of uninsured where the number of uninsured has hit 24.... Several states around the country have taken action to contain the costs and limit the expenditures on healthcare.... Currently Texas has a local health care system where the counties are responsible for the healthcare of its residents....
6 Pages (1500 words) Essay

Leadership: Bruce Bodaken

"Leadership: Bruce Bodaken" paper focuses on the chairman, president, and the CEO for Blue Shield of California, which is a non-profit health insurance company.... Under his leadership, the insurance company is ranked as the fastest-growing company in California.... nbsp;… In California, a large number of people that are insured are adults who contribute the largest percentage of personal health care....
6 Pages (1500 words) Essay

Healthcare availability

This paper discusses the cause and effect of rising healthcare cost in Utah and then presents an argumentative discussion A growing number of employers in Utah have become incapable of coping with the continuously increasing cost of healthcare, which has compelled large numbers of businesses to stop providing insurances for their employees.... This produces an unfavorable feedback cycle: rising healthcare costs enlarges the population of uninsured and thus either raises healthcare premiums and costs for people who do not have insurance or boost healthcare costs for the state since the uninsured uses public services (Poulsen, Matsumori & Kroes, 2008)....
4 Pages (1000 words) Essay

The American Healthcare Sector

This calls for comprehensive reforms to enhance the delivery and quality of healthcare, provide accessible, comprehensive and affordable health insurance and really reform payment so as to reward outcomes.... n the last fifteen years, the cost of American healthcare has increased by more than two times with the yearly growth rate being over double that of inflation.... While there are varied reasons for the rising costs, the increase is attributable to the excess costs of the country's healthcare system and the underlying inefficiencies....
1 Pages (250 words) Essay

Economics Final Project

Due to the rising cost of living, there is no denying the fact that people will continue to be particularly concerned with what they will be getting out of their health insurance bill before deciding to opt into one form of insurance plan or the other.... … From a larger perspective, health insurance has been noted to be a modality for ensuring the delivery of quality service by service providers, as the premiums paid ensures that there will be a pre-determined investment for facilitating the running of healthcare (Henderson, ECONOMICS FINAL PROJECT ECONOMICS FINAL PROJECT Introduction There are a number of reasons for which people would want to have health insurance coverage....
2 Pages (500 words) Assignment

Ensuring Employees Pay for Extra Cost of Healthcare

That will compensate the high cost of healthcare premiums that employers spend every year on personal or family packages.... nbsp;  Ensuring Employees Pay for Extra cost of healthcare“As an employer, I understand the challenges firms face due to the ever-increasing cost of coverage premiums.... In response to this, employers should implement programs that would ensure employees to incur the cost of extra premium spent on lifestyle-related illnesses....
2 Pages (500 words) Essay

America's Medical System is or is not Broken

The reason behind the mounting expenses of healthcare is measured to be the increase in the lifespan of the individuals owing to the advancements done in the field of healthcare.... Therefore, the paper will attempt to ensure the effectiveness of the overall system of healthcare that prevails in the US.... The paper will intend to focus on the various aspects related to the healthcare system of the US.... The growth in the lifespan is expected to raise the need of care for a longer period of time for the individuals (Garson, “The US healthcare System 2010”)....
9 Pages (2250 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us