Troy University Healthcare Cost Mitigation Discussion

I’m working on a management discussion question and need support to help me understand better.

As a strategic HR leader, you must be aware of costs at all levels. One cost that is continuously on the rise is the cost of providing health care to employees. Consider the following scenario and answer completely, using resources to justify your answer. Be creative.

Your company, XYZ Manufacturing, has experienced substantial increases in health care costs over the past few years and is expecting a new increase beginning January 1. As the HR director, you’ve been tasked with offering 4 suggestions to corporate that may reduce the cost increases in both the new year and in future years. Please answer this discussion with your suggestions, related support, and citations