The U.S. Affordable Health Care Act (ACA) has a lot of moving parts affecting businesses, the health care system, the government and the economy. It raises many questions for business owners, but one stands out: How do you deal with increased employee health care costs under the ACA’s mandatory coverage requirements when your company has 50 or more full-time employees?
Wally Gomaa, CEO of Dallas, Texas-based ACAP Health Consulting and senior vice president of Holmes Murphy & Associates, has a unique understanding of the past, present and future state of health care in America. His 2014 IWLA Convention & Expo breakout session, “Rock-Paper-Scissors: Choosing Your Health Care Play,” will cover the economic realities of health care in America and strategic opportunities for business owners.
The session will take a closer look at workforce characteristics of the warehouse-based 3PL industry—and how they fit into the overall health care picture in the future. “I will discuss issues specific to lower income workforces who may not historically be covered on a medical plan, seasonal and temporary labor issues and dealing with requirements of this employment sector,” Gomaa says.
Gomaa will also cover the health care issue on a macro level. “I will discuss the toll on U.S. financial solvency if we don’t get a handle on funding the health care system,” he says.
According to Gomaa, the government’s solution of shifting costs from its pockets to the employers’ pockets will not sustain in the long-term because employers cannot afford to insure employees at continuously increasing rates.
Gomaa will offer long-term solutions for health care challenges focused on transparency of costs and wellness incentives. Gomaa points to pooled health care programs among small businesses, and a new source of wellness programs designed to reduce health care costs by encouraging exercise, nutrition and regular medical screenings.
“There are different paths we can take, but in the end, the path that reduces disease will be the most meaningful and profound. While we may be shifting who pays, we can also hold individuals accountable for their own health,” Gomaa says.
Be in Phoenix for Wally Gomaa’s presentation during the 2014 IWLA Convention & Expo from 1:30-3 p.m. March 25.