Great view on the challenges for 2024 and what groups need to be thinking about for 2025 implementation.
Each year, Business Group on Health forecasts Trends to Watch for the coming year that will impact employer-sponsored health, well-being and benefits. For 2024, rising health care costs, surging prescription drug pricing and the need for expanded access to mental health and substance use disorder services are among the trends. Find the complete list on our website: https://lnkd.in/gxmFRz4x
Each year, the Business Group on Health compiles “trends to watch” for the coming year. Each trend relates to a part of an employer health and well-being strategy, which may be impacted by broader factors. Learn More: https://lnkd.in/dwsXZxek
Co-Founder / President @ Black and White Insurance Brokers | United States Marine Corps Veteran
9 health care trends to watch in 2024
Risk Management Consultant | Business Development Specialist | Strategist | Helping forward-thinking organizations build strategies for long-term success!
This was a pretty good article, and I wanted to share it! Please feel free to pass it along! " Trends to Watch in 2024 Rising health care costs, surging prescription drug pricing, and the need for expanded access to mental health and substance use disorder services are among the nine health and well-being Trends to Watch in the coming year."
When I attended the JPM Healthcare Conference in San Francisco earlier this year, Daisy Wolf said something on a panel that stuck with me. She forecasted that weight management medications, i.e. GLP-1s, may become the cultural perks & benefits employers offer to remain competitive in recruiting and retaining talent. Job seekers may question - does this organization offer coverage of weight management medications as a benefit? She is definitely on to something. According to JPM, about two-fifths of large employers (41%) already cover GLP-1s for obesity; an additional 19% are considering it. Her prediction made me wonder, is obesity treatment on a trajectory similar to mental health benefits offered by employers? For employers, is weight management (like mental health) going from mired in stigma to mapping, supporting, and catalyzing the coverage and benefit? Employers have been instrumental in catalyzing improvements in mental health treatment and support, with digital health start-ups as partners. Are we in the early days of employers leading a similar transformation for obesity benefits as well? What do you think? https://buff.ly/3VdwwCb
Studies have estimated that social determinants of health affect up to 50% of county-level variations in health outcomes in the U.S. Investing time in understanding the social determinants of health and their influence on your well-being, functionality, and the outcomes and risks of your quality of life can be immensely beneficial during your healthcare journey as a patient. Read our blog below to learn what you need to know about the five social determinants of health: #SocialDeterminantsOfHealth #HealthOutcomes #WeCaretlc https://bit.ly/48UYd6v
Rising health care costs, surging prescription drug pricing, and the need for expanded access to mental health and substance use disorder services are among the nine trends to watch in health and well-being for 2024. Explore them all here. #PharmacyBenefits #SpecialtyDrugs #PBM #Truveris
Guiding Businesses in Managing the Risk & Cost of Employee Group Benefit Plans | Vice President | Woodruff Sawyer
As an employer, if you are experiencing high health care costs, keep reading. Begin early to prepare strategically before renewals start coming through the door. Amid ongoing inflation pressures, employees and employers can expect continued increases in health care costs. Start by understanding what is contributing to your rising health care costs. Many employers are recognizing the cost and health impacts related to 𝗺𝗲𝗻𝘁𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵, 𝗺𝗲𝗱𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀, 𝗰𝗮𝗻𝗰𝗲𝗿, and 𝗵𝗲𝗮𝗹𝘁𝗵 𝗰𝗮𝗿𝗲 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆. In turn, to combat rising costs, employers are focusing on improving 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗵𝗲𝗮𝗹𝘁𝗵 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀, 𝗿𝗲𝗱𝘂𝗰𝗶𝗻𝗴 𝘂𝗻𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀, and 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗶𝗻𝗴 𝗽𝗿𝗲𝘃𝗲𝗻𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗽𝗿𝗶𝗺𝗮𝗿𝘆 𝗰𝗮𝗿𝗲. Many employers are also seeing the value in 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 and 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 to help employees better understand their benefits and the best ways to utilize and maximize them. For additional information on strategies to reduce health care costs, contact me. #betterbenefitswithaparna #woodruffsawyer #employeebenefits
Are you seeing this with your small and mid-sized clients? Top 3 employer healthcare focus in 2024 based on the Business Group on Health survey: 1. Employee mental health focus 2. Pharmacy cost management 3. Focus on partnerships that deliver higher quality, cost-effective services
Founding Director, One Wirral CIC. We work to reduce health inequalities by listening to communities, developing innovative models of care and collaborating with system partners.
Really interesting perspective on the way we measure health to determine how to best deploy health resources. We know spending on hospitals continues to grow and spend in the community and general practice continues to decline, despite policy to the contrary (NHS Long Term Plan). How do we turn the tide and get proactive rather than reactive? When do we build health rather than just fix ill health?
How can we prioritise spending to improve health? And how much does the NHS contribute? We explore these questions in our latest blog, asking whether an incoming government could focus on drivers of health that lead to the greatest inequalities. Is this the fairest approach? Read now 👇 https://lnkd.in/gFXEMDjB [Alt text: 'Despite taking a broad view of what shapes health, most studies measure health using narrow metrics such as life expectancy and prevalence of physical or mental illness. Healthy life expectancy, quality of life and wellbeing are often not considered.']
Engagement and Well-being Manager, using Coaching and Mentoring to deliver outstanding patient care in the private healthcare setting
Self-Care Day is today (24th July). This symbolic day was chosen because self-care can be practiced “24 hours a day/7 days a week”. Self-care is about empowering people to be active agents in their own healthcare. Doing so not only puts people at the centre of their own healthcare, but also relieves pressures on health systems. The World Health Organisation states that those pressures are growing and include: 4.3 billion people with inadequate access to essential facility-based health services an estimated global shortage of health workers of 10 million health workers, mainly in low-and-middle income countries 1 in 5 of the world’s population living in humanitarian crises, during which health systems are particularly challenged to deliver essential services pandemics, like COVID-19, armed conflicts and climate change also disrupting and stretching health services worldwide Self-care interventions give people choice and the option to access healthcare wherever and whenever they want to and autonomy to control what they can for themselves. Self-care interventions do not replace health systems, they enhance them. They are part of a holistic approach to healthcare which improves Primary Health Care and contributes to Universal Health Coverage. My question to you on self care day is are you taking accountability for yourself when you can. Seeking support or intervention when you need to? Are you being responsible for the things you can control? If you honestly know that there is more you can do to self-care, my urge is to do so. No one is more accountable for your life than you are and the things you do to look after it are indications of the responsibility you take. Conversely, not taking actions or interventions that are necessary, helpful and within your gift for balanced and healthy wellbeing (wellbeing covers physical health, mental health, social health and financial health), then you may be inadvertently adding to the problems you are facing and affecting those around you that you love too. If you don't know where to start, seek the help of a trained professional for guidance to catalyse your self-help journey. https://lnkd.in/g_tUFF7K #WHO #selfcareday #autonomy
