Happy holidays from Businessolver! 

In the spirit of the season, we’re delighted to bring you the 12 Days of Benefits:

On the first day of benefits, the industry gave to me a full-replacement HDHP. Kaiser Family Foundation data show that more than one-quarter (29%) of Americans are offered health coverage through their employer with a high-deductible health plan (HDHP) as their only option. Such full-replacement offerings are on the rise so employers can reap plan cost savings; HDHPs typically cost 15% less than PPOs, 18% less than HMOs.

On the second day of benefits, the industry gave to me 2 major mergers. Further tightening the health insurance market, Aetna purchased Humana and Cigna acquired Anthem in two separate multibillion-dollar mergers. Both deals are currently being challenged by the Justice Department.

On the third day of benefits, the industry gave to me 3 new cabinet members. As President-elect Trump builds his cabinet, he’s named individuals to lead the three federal agencies that oversee HR/benefits laws and policies – the Health and Human Services, Treasury, and Labor Departments. Orthopedic surgeon and U.S. Rep. Tom Price (R-Ga.) has been tapped to lead the Health and Human Services Department. Former investment banker Steve Mnuchin is Trump’s choice to lead the Treasury, and Andy Puzder, CEO of CKE Restaurants (Hardee’s and Carl’s Jr.), is the pick to be Secretary of Labor. 

See and share all 12 days in our new holiday infographic!