Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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Employers' cost of care continues to rise according to the latest Business Group on Health survey, which is no surprise. Innovative health plans and health systems are calling on #Eleanor and her #conversationalAI capabilities to help expand their ability to address chronic care management and behavioral/mental health support for their commercial, Medicare, and Medicaid populations. Do the survey takeaways resonate with you? Connect with MyndYou to learn how we can support your healthcare organization. #AI #personalizedcare https://lnkd.in/ejgr5qVS
Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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Sobering research from Business Group on Health on the health care landscape ahead. This reinforces that today's benefits professional has a challenging job! It will be easy to boil this down to "GLP-1s are driving up costs" but that is an over-simplification. Employers are working to address several pharmacy concerns, while dealing with challenging cancer and chronic condition exposure. Employers are seeking partners who want to work to transform the landscape.
Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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So many insights in this year's Business Group on Health Employer Health Care Strategy Survey! Sobering findings regarding health care costs, driven in large part by prescription drugs and conditions such as cancer. Silver linings relate to employers' steadfast commitment to addressing affordability and quality while offering robust health and well-being services across an array of needs. All while seeking industry partners who can deliver on bold transformation.
Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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This is a super insightful article. With a flat out 8% healthcare cost trend, every employer should examine their healthcare plan spend and seek for operational efficiency. I wish every employer has MultiPlan’s BenInsights tool or something similar that can not only track trend, but can evaluate new or existing programs and make plan design changes recommendations accordingly. You can find actionable insights on all these pressing topics mentioned in this article, such as GLP-1s, MSK, cancer prevalence and screenings, mental health prevalence and access via telehealth, etc. If you are one of the employers facing that high increase in healthcare cost, I would love to hear your stories and help brainstorm ways to reduce that trend increase with data and technologies. #BenInsights #dataanddecisionsciences #healthcaretrend #employersponsorplans
Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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The projected 8% jump in healthcare costs according to Business Group on Health 2025 Employer Survey is daunting but not surprising. Costs are going up year after year, and the complexity around GLP-1s, Cancer, MSK, and other chronic conditions continues to exacerbate the issue. We know that employers want to do right by their people and have been absorbing much of the cost increases while they search for higher-quality and lower cost options. Unfortunately, this is unsustainable. Solving these monumental challenges around cancer and weight health requires comprehensive, longitudinal solutions and partners that can make it happen. We agree that employers should reevaluate their vendor partnerships because there ARE sustainable opportunities to cut costs, increase engagement, and improve quality care with comprehensive, personalized health benefits. Easy access to high-quality, affordable health and care is possible and it’s happening at Transcarent.
Projected health care cost trend jumped to almost 8% for next year, the highest amount in more than a decade, according to Business Group on Health’s 2025 Employer Health Care Strategy Survey. The predicted surge in employer health care spending – actual health care costs have grown a cumulative 50% since 2017 – is influenced by inflation, heightened demand for expensive drugs such as GLP-1s, and the ongoing burden of treating cancer and other chronic conditions, among other factors. Employers also revealed in the annual survey their concerns about vendor partnerships, health equity, mental health and the need for ERISA pre-emption. #employer #healthcare https://okt.to/k7xABI
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Employer health care costs are rising significantly in 2024, with projections reaching an 8.5% increase. Here are the top 3 trends driving this and how employers are combatting it. #employeebenefits #healthcare
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The predicted surge in #employerhealthcare spending – actual health care costs have grown a cumulative 50% since 2017 It is noteworthy that employers reported #musculoskeletal conditions as an ongoing cost concern and that 40% of employers identified cardiovascular conditions as their No. 3 cost driver, up from 30% in 2023. To address costs and improve performance, employers plan to reassess the quality and effectiveness of #vendorpartnerships. [Ellen Kelsay, president and CEO of Business Group on Health] https://lnkd.in/epzeZnFp
Projected health care cost trend jumps to decade high
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Experienced HCM Expert, helping enterprise organizations streamline their processes and achieve their goals through the utilization of HRIS technology and services.
Employer health care costs are rising significantly in 2024, with projections reaching an 8.5% increase. Here are the top 3️⃣ trends driving this and how employers are combatting it. #employeebenefits #healthcare
3 Trends Driving Employer Health Care Costs in 2024 | CBIZ
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Employer health care costs are rising significantly in 2024, with projections reaching an 8.5% increase. Here are the top 3️⃣ trends driving this and how employers are combatting it. #employeebenefits #healthcare
3 Trends Driving Employer Health Care Costs in 2024 | CBIZ
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Employer health care costs are rising significantly in 2024, with projections reaching an 8.5% increase. Here are the top 3️⃣ trends driving this and how employers are combatting it. #employeebenefits #healthcare
3 Trends Driving Employer Health Care Costs in 2024 | CBIZ
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