Archived Content

Driving Innovation In the Health Care Marketplace:

A CEO Report

3M

World-class health care must be driven by innovation to improve quality, lower costs and expand access.

3M is pioneering health advancements through an array of technologies and products in hospitals, emergency rooms and dentist offices around the world. We’re also committed to the well-being of our 89,000-strong global workforce.

We provide our team a wide range of high-quality and innovative health services. In the United States, we pay 80 percent of health care costs. Our transparent medical plans help workers understand the true cost of services and true value of their health care dollars. Some plans, for example, include a health savings account; for those who participate, 3M makes an annual contribution. We also offer international workers plans that are competitive with local markets.

Our global wellness program — known as 3M Healthy Living — recognizes that an active lifestyle is key to improving health and lowering costs. It supports all areas of life: physical, mental, emotional and social. The program offers incentives to encourage healthy living. Workers are eligible for a free annual health assessment along with a personalized improvement plan. Those who take part receive a discount on their medical premiums.

This initiative has been a success: through aggregate results, we know that individuals who participated in the assessments have lowered their health care costs by an average of $1,000.

Our St. Paul headquarters also provides a number of onsite services. These include a fitness center, medical clinic, pharmacy, vision care and a dietitian — some at no or minimum cost. Many of our international locations offer a sampling of these benefits.
Finally, we make employee health a community affair. This year, 3M Gives donated one dollar to the American Red Cross for every health assessment completed up to $25,000. We surpassed our goal, with more than 80 percent of our U.S. workers participating.

As you can see, improving the health of our 3M team is a true partnership. And it is driven by the principle of shared responsibility and shared benefit. While supporting healthy living is good for the individual, it also helps the company increase productivity and attract and retain the very best workforce.

For more than 100 years, 3M has been improving people’s lives. Our health care innovations — within both the marketplace and our own business — are continuing that legacy.

Companies

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BRT companies provide health coverage to more than 40 million Americans. We help American workers and their families remain healthy, receive quality treatment when necessary and achieve better health outcomes. The private-sector innovations in the insurance marketplace that enable us to provide these services to our employees and their families serve as models for public programs — but additional reforms are necessary.

This report highlights the innovations we have made and the public policy changes we believe would drive value by promoting health and improving outcomes.

https://s3.amazonaws.com/brt.org/archive/0_healthcare/BRT-Health-Care.pdf