Issue brief: Eastman Chemical Company—Demonstrating ROI with employee health
Like many companies, Eastman Chemical Company, a Kingsport, Tenn.-based manufacturer of chemicals, fibers and plastics, came into the 21st century with health care costs increasing year by year. The company’s highly skilled work force is aging and relatively unhealthy. It has approximately 8,600 employees in the U.S., and about 6,600 work at a single plant in Tennessee, a state that ranks 47th in the nation in health statistics.
To address rising health care costs, Eastman took a holistic view of health, beginning in 2003. The company changed its health plan design in 2005 from a traditional co-pay structure to a deductible/coinsurance arrangement, and began to educate employees about health care costs while instilling a greater sense of personal accountability.
Read more about Eastman Chemical Company’s health management program.