Category Archives: Promotion

HCMS Group Investigates Moral Hazard and Benefits Consumption Capital in Program Overlap: The Case of Workers Compensation


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Moral hazard is the economic principal describing the tendency of consumers to use more services when someone else is paying the bill. The recent Foundations and Trends® in Microeconomics edition featured a moral hazard article published by Richard J. Butler and HCMS Group CEO Harold H. Gardner, MD.  The article discusses how moral hazard affects benefit consumption from two directions: 1) how insurance changes in one program (workers compensation) affects employee participation in other programs (disability benefits) at a point in time (inter-program moral hazard), and 2) how the consumption of program benefits now tends to affect employees behavior over time (benefits consumption capital).

A formal model is presented of inter-program moral hazard based on workers compensation with programs overlapping it (including sick leave/disability, health insurance, and unemployment insurance) and review of research evidence of the overlap response is shown. We also provide new evidence on benefits consumption capital concerning workers compensation based on data gathered from large private employers in the US.

Copies of the article can be obtained at http://dx.doi.org/10.1561/0700000037.


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Announcing our new book: Who Survives? How Benefit Costs are Killing Your Company. Entry 2 – 2011


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Who Survives? How Benefit Costs are Killing your CompanyWhich companies will survive the current economic climate?  Every day brings new headlines: city and state governments facing deficits and cutbacks; politicians fighting unions; companies cutting benefits. Must businesses and workers operate as adversaries, or can they succeed together? Our evidence tells us they can.
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HCMS Group Announces Release of O|BI – Online Business Intelligence


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HCMS Group Announces Release of O|BITM – Online Business Intelligence

CHEYENNE, Wyoming (February 1, 2011)  —  HCMS Group announced the release of O|BITM – Online Business Intelligence, a web-based SaaS (software as a service) offering that allows clients to access key data analytic applications from their HCMS data warehouse.  O|BI is currently in the process of being deployed for several large HCMS clients, including Cisco Systems, USAA and Walgreens.
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