U.S. Businesses have won the flexibility to charge higher insurance premiums to employees who don’t meet minimum or accepted health goals, and also the ability to reward those who “shape up.
Ras Al Khaimah, UAE (PRWEB) June 09, 2013
In the ever-changing landscape of ObamaCare, it was announce last week that U.S. Businesses have won the flexibility to charge higher insurance premiums to employees who don’t meet minimum or accepted health goals, and also the ability to reward those who “shape up."
After three years in development, the regulations also require employers to offer a “reasonable alternative” for workers who can’t meet standards on weight, cholesterol or other measures, according to the U.S. Department of Health and Human Services in a published statement.
According to Noel Guillama, Chairman of The Quantum Group, Inc., "On May 29, 2013, the U.S. Department of Health and Human Services released final rules on employer based wellness programs. The rules allow for employer created rewards to the employee for improving their own health, while protecting employee from discrimination. As reported, there is both great opportunity and great confusion. Part of the problem is a comprehensive and unbiased system to track and document improvement. We feel strongly there is great opportunity in this space. The Quantum Group, Inc. had envisioned this many years ago, in documenting and patenting a Quantum Quotient (Qx2)™ process that allows for the scientific way to numerically create a wellness index. It is Quantum’s intent to seek to monetize this invention in the near future."
Scott Wolf, Grace Century’s Director of Research qualifies Guillama’s statement, "Quantum’s QX2™ patent is a ‘Wellness index.' Its implications from Insurance to individual wellness programs are immeasurable. Integrated with the cloud-based PWeR2.0 ‘turn-key’ platform, the world of healthcare is about to change as we know it. We are pleased to see Quantum’s patent innovation confirmed by government actions, and we remain excited by the prospects of nearly 20 additional patents pending.”
About Grace Century
Grace Century FZ LLC is an International Private Equity Consultant located in Ras Al Khaimah, United Arab Emirates. It specializes in conducting due-diligence for its group of international members, as well as assisting firms in the development and execution of “game changing” ideas in Life Sciences. Grace Century assists in capital formation, market penetration, joint ventures, and brand development.
About The Quantum Group, Inc.
The Quantum Group is an innovation-driven Healthcare Services Organization (HSO) that provides Technology Solutions through PWeR, a 21st Century Electronic Medical Records (EMR) solution designed to bridge the gaps of communication and facilitate the exchange of patient information throughout the healthcare industry.