In a recent social media exchange, billionaire entrepreneur and healthcare reform advocate Mark Cuban discussed some of the complex, multilayered issues that are preventing major U.S. corporations from cutting insurance costs on an individual basis.
Responding to a user who asked why even “sophisticated” businesses seem to “ignore” this massive line item on their balance sheet, Cuban cited factors such as understaffed HR departments, healthcare continuity concerns, and a lack of C-suite knowledge about healthcare cost reporting requirements, such as the Form 5500.
