Building a Better Benefits System

This chapter is from the book

Employee Benefits and the New Health Care Landscape: How Private Exchanges are Bringing Choice and Consumerism to America's Workforce

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This chapter is from the book

This chapter is from the book 

Employee Benefits and the New Health Care Landscape: How Private Exchanges are Bringing Choice and Consumerism to America's Workforce

Learn More Buy

Summary

This chapter examines the seven principles that make up an efficient benefits system: defined contribution, price transparency, meaningful choice, decision support, an optimized shopping experience, organizational fit, and iteration and improvement. Could it be we’re on the verge of a new Progressive Era when it comes to employee benefits? Following this blueprint for an efficient system could be a catalyst.

Throughout this book, we will delve more deeply into these seven principles as a foundation for fixing the broken benefits system in the United States. But first, Chapter 2, “Benefits: The Accidental Entitlement,” discusses how we got to where we are in order to help shed light on where we’re going.