NEW YORK--(BUSINESS WIRE)--Controversial benefits industry thought leader and strategist Nelson Griswold exposed healthcare’s Big Lie to CEOs at the recent C-Suite Network’s exclusive Hero Club. Griswold, president of advisory firm Bottom Line Solutions, revealed how healthcare’s middlemen – the insurance companies and brokers – have deceived C-Suite executives for decades to keep them out of the healthcare conversation. This Big Lie has allowed healthcare costs to increase annually since 1960, costing U.S. companies billions of dollars in higher insurance premiums while generating billions in higher revenues for carriers and brokers.
“Healthcare’s Big Lie is responsible for the most egregious, mass lapse of fiduciary responsibility in the history of American business,” said Griswold, president of advisory firm Bottom Line Solutions and founder of the ASCEND Summit. “But once they see through the Big Lie and take control of their healthcare spend, CEOs and CFOs are reducing their healthcare costs by 20-40 percent.”
Using government and company data, Griswold illustrated how rising healthcare costs drive the increasing cost of health insurance and thus higher revenues for insurance companies and brokers. Additionally, Griswold discussed how:
- Misaligned incentives ensure ever-increasing healthcare costs
- The system forces employees to play Russian Roulette with company money and their own health
- Companies give employees the riskiest corporate credit card in America
About Bottom Line Solutions: Bottom Line Solutions (BLS) is the leading advisory helping employee benefits agencies adopt NextGeneration Benefits strategies that control and reduce healthcare costs, making them sustainable and predictable. BLS published the Amazon Bestseller, BREAKING THROUGH THE STATUS QUO: How Innovative Companies are Changing the Benefits Game to Help Their Employees and Boost Their Bottom Line, a handbook for the C-Suite. BLS hosts the exclusive ASCEND Summit for top benefits advisers. www.AttendASCEND.com
About the C-Suite Network: C-Suite Network™ is the world’s most trusted network of C-Suite Leaders, with a focus on providing growth, development and networking opportunities for business executives from companies with annual revenues of $5 million or greater. Its exclusive Hero Club is a private, invitation-only club for company CEOs committed to ethical growth and community engagement. www.C-SuiteNetwork.com
