Benefits and Compensation

Corporate Giants Band Together to form New Health Transformation Alliance

Twenty of America’s largest corporations have joined together to improve the way healthcare benefits are purchased for employees in an effort to create better health care outcomes. The stated goal of the newly formed Health Transformation Alliance (HTA), according to a press release, is “to break with existing marketplace practices that are costly, wasteful, and inefficient, all of which have resulted in employees paying higher premiums, copayments, and deductibles every year.”

“The current system is unsustainable and it costs our employees too much,” says Kevin Cox, the chief human resources officer (CHRO) of American Express. “Even the most successful companies won’t be able to afford the rising costs of health care in the not too distant future.”

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