GCP, Medical Mutual Collaborate to Offer Health Plan Solution for Middle-Market Companies

CLEVELAND--()--A new collaboration between the Greater Cleveland Partnership (GCP) and Medical Mutual to provide a cost-effective, consumer-driven health plan solution for Northeast Ohio companies with 50-500 employees was announced today at the Greater Cleveland Middle-Market Forum.

“The Middle Marketplace” gives employees the power of choice by utilizing a defined contribution approach to benefit selection.

“Medical Mutual and GCP are dedicated to educating middle-market companies on the latest healthcare trends and developing products to help Northeast Ohio middle-market companies recruit and retain the very best talent,” said GCP President and CEO Joe Roman. “The Middle Marketplace is a best-in-class solution to the number one challenge facing middle-market executives.”

“The Middle Marketplace empowers employees with the ability to choose from 10 exclusive health plan options,” said Bob Klubert, Medical Mutual’s vice president of commercial sales. “This partnership changes the conversation when it comes to engaging employees in their benefit decisions and educating them to be smarter consumers.”

The challenge of healthcare costs to middle-market companies was noted in remarks at the forum by Dr. Anil Makhija, academic director of the National Center Market, a collaboration between The Ohio State University Fisher College of Business and GE Capital. More than 250 Northeast Ohio middle-market executives attended the event.

Makhija presented highlights from the 1Q 2014 Middle Market Indicator, which surveys 1,000 U.S. CEOs, CFOs, and other C-suite executives on key indicators of past and future performance as well as confidence in the global, U.S., and local economies.

“Confidence among mid-market executives is increasing alongside accelerating gains in revenue and employment growth,” Makhija noted with confidence in local economies at an all-time record at 81 percent, while national and global confidence at 64 percent and 57 percent, respectively, are significantly higher compared to the same time last year.

The forum also included:

A panel discussion on challenges posed by government regulations to middle-market companies with former Congressman Steve LaTourette, McDonald Hopkins Government Strategies, Mekael Teshome, economic, PNC Financial Services Group, and Linda Woggon, Ohio Chamber of Commerce.

Conversations with Ohio CAT Chairman and President Ken Taylor and Stewart Kohl, co-CEO of The Riverside Company, whose middle-market companies have achieved phenomenal growth;

Sessions on middle-market success strategies led by Bernie Moreno, president, The Collection Auto Group, and faculty from The Ohio State University Fisher College of Business Gretchen Goffe, Larry Inks, Steve Lundregan and Ray Noe.

About the Greater Cleveland Partnership

The Greater Cleveland Partnership mobilizes private-sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve the economic prosperity of the region. www.gcpartnership.com.

About Medical Mutual of Ohio: Founded in 1934, Medical Mutual of Ohio is the oldest and largest health insurance company based in Ohio. For nearly 80 years the company has served customers with high-quality, affordable group and personal health insurance plans, and third-party administrative services to self-insured group customers. http://www.medmutual.com/

Contacts

Greater Cleveland Partnership
Judith Malone, 216-592-2412; 216-258-2948 (cell)
jmalone@gcpartnership.com

Release Summary

The Greater Cleveland Partnership and Medical Mutual announce a new cost-effective, consumer-driven health plan solution for N.E. Ohio companies with 50-500 employees.

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Contacts

Greater Cleveland Partnership
Judith Malone, 216-592-2412; 216-258-2948 (cell)
jmalone@gcpartnership.com