1/9/2023 0 Comments Health wagerFull coverage on HealthyWage will be in the June 1 EBN. Read more about HealthyWage and what this and similar programs can offer employers in Monday’s inBrief. ![]() HealthyWage offers three basic competition formats, all of which it says suit the workplace perfectly: The Matchup, in which teams of five compete together to lose the most weight (again, up to 16.59%) the 10% Challenge, where participants can double their money if they lose 10% of their body weight in six months and the BMI Challenge, which rewards achieving a healthy body mass index. HealthyWage officials says they offer a 49% and 29% success rates, respectively, for 5%+ and 10%+ weight loss. The wagered risk (and competitive nature) of betting on your own diet and exercise is seeing marked success, they report. Leading academic research shows that money enhances weight loss success, making dieters significantly more likely to lose weight. That “skin in the game,” HealthyWage officials say, is significantly more of a motivator than the traditional incentives that employers offer with weight-loss programs. For me, just the competition keeps me motivated.” ![]() “I could see teams giving up if they really hadn’t put any money out there. “Having some skin in the game encourages you not to give up, that is for sure,” Whicker says. ![]() and gained $2,200 through the HealthWage programs, and he’s not done - he wants to get rid of another 50. “So we competed in a second challenge in which I lost 16.4% of my body weight.” “Once that competition was over, I wanted to keep going I wasn’t ready to stop yet, so I actually got a group of people from my office to do it with me,” he says.
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