Insight on Manufacturing

May 2021

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2105 E. Enterprise Avenue • Appleton, WI 54913 • 833.361.6686 It's me to win your independence from high health care costs Break the cycle and live life to the fullest Sponsored Message The current health care cost curve is unsustainable. We cannot con nue to pay the costs we are paying and live the lifestyle we want. That point is best illustrated by an internal "legend" in- volving a manufacturer in the Fox Valley region. Faced with double-digit cost increases for health care that prevented investment in the machines and people nec- essary for success, the employer showed the employ- ees the costs curve and said, "If we don't change that trend line, we won't be here next year." Now, it seems the story has been embellished over the years, and the mee ng may not have been quite so dra- ma c, but the bo om-line point is clear: working just to pay for health care is not why people get into business. The problem scales out na onally, where we as a coun- try spend more than $3.8 trillion annually — 18 per- cent of Gross Domes c Product — on health care. How much spending for other cri cal items is delayed or never made because of that? Now, that employer's success (the company con nues to grow, inves ng in the people and equipment needed to be compe ve) was driven by an engaged workforce that accepted the challenge. We have spent much of the last year studying our most successful companies and learning how they engaged their employees to help bend the cost curve and free up resources to invest elsewhere. That work was reflected in the 5 Steps to Health Care Independence we debuted this month at our 2021 Dig- ital Event, a proven and powerful process that can be applied to your health care challenges, improving the programs you have in place or ge ng you connected to the solu ons you need. With that process in hand, you too can break the cycle of escala ng costs and begin to invest those savings in the areas cri cal to you, your employees and your com- munity. Maybe it will be a new line or machines to give you a compe ve advantage. More money in your em- ployee's pockets means new cars or vaca ons or oth- er purchases that s mulate the economy. Fostering a higher quality of life in your community will help a ract and retain both business and talent. Crea ng such opportuni es — to make a difference, to be part of something bigger than yourself — that's why people get into business. Visit our Health Care Independence site today! Author: Curt Kubiak Title: Founder & CEO Company: NOVO Health Learn more about the 5 Steps to Health Care Independence and how you can improve the performance of your health plan. novohealth.com

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