CVS's Tobacco-Free Anniversary: 10 Years of Healthier Communities
This year marks the 10th anniversary of CVS's decision to stop selling tobacco products, a bold move that transformed the company's role in public health. When CVS first made the decision in 2014 to remove tobacco from its 7,800 stores, the move was seen as controversial by some but groundbreaking by others. Since then, CVS has evolved from a retail pharmacy chain to a healthcare leader, and its commitment to public health has been underscored by significant research and industry recognition.
Early Detection Helps Save Lives
Health screenings are lifesaving techniques that are designed to find certain chronic diseases before a person begins to exhibit any signs of illness. In the U.S. alone, early detection health screenings save over 100,000 lives per year. The majority of healthcare providers also cover these screenings at no additional costs to members when in-network options are applied. In recent years, employer wellness programs have focused on obtaining a baseline biometric screening on employees. Employers use these baseline biometrics and then, once a member is engaged in applying and maintaining a healthy lifestyle, employers can use additional health screenings as a way to properly incentivize their employees. Our newest white paper, Rewards for Action: Building a Healthier Workforce through Early Detection, provides 10 critical preventative health screenings that can save lives.
Health and Wellness Benefits On the Rise
As certain benefit costs shift from employer to employee, there are key benefits that will have a high impact on satisfaction improvements. Health and wellness benefits are expected from employees and they assume that employers are going to cover a significant portion of the costs, regardless of the rising cost of healthcare. Well employers are taking note, 45% are offering HSA's in 2014, compared to 33% in 2010. Other benefits like tuition support or a personal car subsidy benefit have been on the decline since 2010, down 13% and 17% respectively. These are benefits less expected by employees and therefore have a lower impact on employee benefit satisfaction. Health and wellness benefits have endured for employees as an expected benefit. Investing in preventative healthcare checks like blood pressure, cholesterol and BMI measurements for employees can allow employers to maintain health and wellness benefits without exceeding budgets. Implementing employee health and wellness benefit reward programs can also motivate employees towards health and wellness goals by using small spot rewards to encourage employees who have reached health and wellness milestones.
For more information on how to maintain the level of health and wellness benefits your employees expect, check out the latest SHRM Employee benefits report, and this article from Associations Now.