Dec 29 2009
Health care legislation continues to be a very hot topic among Americans
today. According to new research from MetLife, 75% of individuals and
83% of employers report paying close attention to health care
legislation developments. Regardless of company size or whether or not
they currently offer medical benefits, eight-in-ten employers say they
are on top of the legislation. However, interest is very different among
generations as 83% of Baby Boomers and 74% of Generation Y individuals
say they are closely following reform developments, compared to 63% of
Generation X.
“Our
study also reveals a tremendous opportunity for insurance brokers and
benefits consultants to help better educate their clients. In turn,
well-informed employers will be better positioned to share with their
employees the implications of health care reform on their personal
situations.”
As for where they obtain information about health care reform
legislation, consumers and businesses alike turn to traditional media
outlets. More than eight-in-ten (85%) individuals and 56% of employers
cite traditional media outlets (TV, radio, newspapers and magazines) as
preferred sources. However, more than half (57%) of larger employers
(500 or more employees) are also turning to their benefits brokers or
consultants for information, more so than to business media (42%),
general audience media (37%) or industry publications (32%).
“We have seen a great appetite for information on health care reform,”
said Ronald Leopold, MD and vice president, U.S. Business, MetLife. “Our
study also reveals a tremendous opportunity for insurance brokers and
benefits consultants to help better educate their clients. In turn,
well-informed employers will be better positioned to share with their
employees the implications of health care reform on their personal
situations.”
Current Satisfaction Impacts Attitudes Toward Health Care Reform
Not surprisingly, levels of satisfaction with current medical benefits
impact Americans’ attitudes toward health care reform. More than
six-in-ten (62%) Americans without any medical insurance feel that
health care reform will be “good for America,” contrasted with 42% of
those with medical insurance. 65% of Generation Y individuals believe
that health care reform will impact them favorably, but only 44% are
satisfied with their current medical insurance. On the other hand, while
only 34% of Boomers believe that health care reform will have a positive
impact on them personally, 63% also say they are satisfied with their
current medical coverage.
Attitudes toward health care reform also correspond to health status.
According to the MetLife study, 65% of consumers who assess their health
as fair or poor say that health care reform will have a positive impact
on them and their families, contrasted to 28% for those who say their
health is very good or excellent.
Employers’ Next Steps
Three-quarters of employers strongly agree that employees consider
health insurance a critical component of a compensation package.
Virtually all (96%) also say promoting a culture of health and wellness
for employees is important. However, many of today’s employers (41%)
aren’t sure what they will do regarding medical benefits should
legislation pass. Thirty percent of those that do offer medical coverage
expect their health benefits to remain unchanged, while 39% of those
employers who do not currently offer medical coverage are not
anticipating offering that benefit.
While 36% of employers are unsure about what they will do regarding
non-medical benefits like life insurance, disability income protection,
and dental benefits should legislation pass, 44% of those that offer
these benefits anticipate that they will make no changes to them. Only
5% of employers who offer these benefits say they would consider
reducing them.
“Effective communications for diverse audiences is a critical component
for the success of health care reform. While there is understandably a
reason for a ‘wait and see’ approach by employers as the legislation is
debated, communicating to employees that their current benefits are not
changing in the short-term can be surprisingly reassuring,” continued
Dr. Leopold.
Methodology
The MetLife Study of Employer/Consumer Attitudes on Health Care Reform
surveyed employers and working age consumers to assess their attitudes
toward potential health care reform legislation. The telephone survey
was fielded by GfK Custom Research North America between November 2,
2009 and November 22, 2009. 501 interviews were conducted with benefits
decision-makers at companies with ten or more employees, representing a
mix of industries and geographic regions, and 701 interviews were
conducted with consumers between the ages of 21 and 65.
http://www.metlife.com/