The EAM conducts research concerning different factors surrounding the economy, particularly in the health care arena.
RISING HEALTH CARE COSTS & THE ECONOMY
In 2015, EAM published a study demonstrating the effects of rising health care on Michigan’s economy. Key findings include:
An estimated 53 percent of Michigan residents have employer-sponsored health insurance, and employers are struggling to meet rising premium costs by reducing the number of new hires and limiting wage increases – most businesses are shifting premium costs to employees.
The cost-shift of health care premiums contributed to average family income to remain stagnant. The median average family income in Michigan grew just 0.4 percent between 2008 and 2013, while the cost of the average family insurance premium rose nearly 35 percent and the employee’s share increased 57 percent, according to the federal Agency for Healthcare Research and Quality.
For employers, rising health care costs mean that for every four employees making $45,000 annually, the employer pays more than $46,000 in health care premiums, federal Agency for Healthcare Research and Quality data show.
Read the study more in depth: EAM Study Rising Health Care Costs and the Economy.
MICHIGAN’S CERTIFICATE OF NEED PROCESS
- Benefits of Michigan’s Certificate of Need
- Michigan’s CON Process One of the Best! Health Care Certificate-of-Need (CON) Laws: Policy or Politics?
RESEARCH PERTAINING TO HEALTH CARE INSURANCE
- Comparing states, no correlation between premiums and dominant carriers and Increased competition does not equal lower premiums
- Michigan has the lowest health benefit premiums in the Great Lakes Region
PRIMARY PHYSICIAN SHORTAGE
- The Challenges of Health System Capacity Growth: http://www.nihcm.org/pdf/CapacityBrief-FINAL.pdf
- New Cardiac Surgery Programs Established From 1993 To 2004 Led To Little Increased Access, Substantial Duplication Of Services: http://content.healthaffairs.org/content/30/8/1569.full
- Hospital Geographic Expansion: The New Medical Arms Race?:http://www.nihcr.org/news_Hospital_Geographic_Expansion
- Medical building boom increasing Americans’ health care costs:http://triblive.com/x/pittsburghtrib/news/s_772584.html#axzz3CHR4eKhP
- How much hospital growth is too much?: http://articles.orlandosentinel.com/2012-05-05/health/os-hospital-growth-20120505_1_hospital-growth-hospital-expansion-critical-care
- U.S. Auto Big Three Health Care Costs Study: http://friendsofcon.com/studies-research/autos-big-three-health-care-costs-study/
- Do More Hospital Beds Lead to Higher Hospitalization Rates?: http://friendsofcon.com/studies-research/do-more-hospital-beds-lead-to-higher-hospitalization-rates/
- Understanding Healthcare Economics: http://friendsofcon.com/page-3/
- Risks Are High at Low-Volume Hospitals: http://www.usnews.com/news/articles/2015/05/18/risks-are-high-at-low-volume-hospitals.