Nearly eight in 10 employers consider drug prices, high-cost claims and hospital prices a significant threat to the affordability of employer-provided health coverage for employees and their families, and high-cost claims are rising, especially among younger plan members, finds a new survey from the National Alliance of Healthcare Purchaser Coalitions (NAHPC). Almost half
Million dollar claims per million covered employees rose 15% in the past year and 45% over the past four years, according to a new report from Sun Life. And one-fifth of employers had at least one member with more than $1 million in claims from 2018 through 2021. For self-funded employers, average cost is a good starting point to plan for risk management because it's
Employers are expecting a large hike in health benefits costs next year after they rose 3.2% in 2022, according to a new Mercer poll. Last year saw a spike in cost growth to 6.3% as people caught up on their delayed healthcare needs, which were put off as a result of the pandemic. While this year's increase may seem like a return to the normal trend, it's far below general
Unsustainable healthcare costs thwart employer efforts to attract and retain talent as 73% said it crowds out salary and wage increases, and 82% report it impacts ability to remain competitive. These are among the findings of the latest survey of more than 150 employers conducted by the National Alliance of Healthcare Purchaser Coalitions and its members.
Average costs for U.S. employers that pay for their employees' healthcare will increase 6.5% to more than $13,800 per employee in 2023, largely due to economic inflation pressures, according to professional services firm Aon. This projection is more than double the 3% increase to healthcare budgets that employers experienced from 2021 to 2022. But it's significantly below the