There is no doubt that health management can improve employee well-being and can have positive outcomes for the organization. But, the mere goodness of such programmes has to be questioned. First, the paper shows how health management activities fit in processes of discipline in our society as extensively analysed by Foucault particularly in his genealogical works. Second, it discusses possible normative implications of such a Foucauldian analysis. What is the alternative to taking care of employee health in organizations?