Corporate Healthcare Investment: where is the ROI?

The recent Sanofi-Aventis healtcare survey uncovered an interesting enigma:
while 94% of respondents feel that health programs foster goodwill , the number of employers investing in health & wellness programs has been declining since 2004.

Could it be that the corporate drive towards tangible ROI has come to bear on the somewhat ephemeral value of employee health programs which are more likely to serve employee wants & needs than deliver a fiscal or productivity return for employers?

MedExtra looked at the measures of ROI, employee satisfaction & scope of use for health related initiatives in a recent white paper.