LetsGetChecked’s Post

The landscape for employer-sponsored health plans in 2024 has seen tension building between rising healthcare costs and the reluctance to burden workers with added costs. This balance is challenging employers to be creative in finding acceptable ways to reduce healthcare costs. https://bit.ly/3vzmZdz HealthPayerIntelligence #healthcare #HealthPlans

Some healthcare experts are referring to 2024 as “2023 2.0” due to how much costs are driving decision-making in employer-sponsored health plans. Regardless of the deja vu, HealthPayerIntelligence says that “2024 is the year that employers must be creative to reduce healthcare costs.” https://lnkd.in/g4qD6kgt #healthplans #healthcosts #healthcarecosts

Health care cost increases are escalating greater than the past two years with employers bearing the lion's share of the increase. There are many levers to pull to keep costs in control. Reach out to me to learn more #healthcarecosts #selfinsurance #healthcare

Aon projects that the GLP-1 category alone will drive a 1% aggregate healthcare cost increase. Employers' health costs are expected to rise by an average of 9% next year, according to this new report. If you graph this out, you will see this high year over year increase for employers will not be easy for most to sustain. It will be critical for benefit consultants and employers to "think differently" in order to provide health benefits that are seen as valuable to the employee. Revive is reducing the total cost of care for over 1.7k employers today and serving over 4M patients. We do this through re-directing care from expensive brick-and-mortal sites, driving savings with pharmacy spend and attaching more patients to mental and primary health care. This all comes together on one simple to use platform that gives you the benefits of an on-site clinic without the big cost. Employer client success is our ultimate metric and we would welcome the chance to show you how easy this is to implement. #healthcare #pricetovalue #health #selfcare #workers #benefits #employeebenefits #cfo #humanresources #totalrewards https://lnkd.in/eETdih3e

Employers plan to maintain their current health benefits in 2025, a recent Mercer survey of nearly 700 organizations found. This is despite the per-employee cost of benefits rising about 5.2% in 2023 and 2024, after nearly a decade of 3% annual cost growth. (Emilie Shumway) #humanresources #he #healthcare #healthbenefits #benefitsandcompensation #healthinsurance

To quote Destiny's Child... bills, bills, bills 💸 Employee healthcare is the largest expense after payroll. Even with rising costs, employers know the business case for this investment e.g. the annual $225.8 billion price tag on #absenteeism (CDC Foundation). Instead of a zero-sum conversation, we look at cost optimization. 1️⃣ Rethinking payment models for un/under-utilized services 2️⃣ Increasing awareness of existing services 3️⃣ Challenging the gap between utilization and value This is the space for innovation and differentiation. CC Fijoya 💜

With medical inflation and provider consolidation, it's getting more expensive to run an employee healthcare program🫰 How can employers maintain a competitive employee health offering without breaking the bank? The KFF 2023 Employer Health Benefits Survey brought up some ideas. We summarized the main takeaways for you, check it out: https://lnkd.in/ddBE73mr

While healthcare costs are on the rise, a recent Mercer survey reveals that most employers are not intending to cut back on health benefits for 2025. Maximizing existing benefit plans is crucial, ensuring employees make full use of all offered programs and providing strategic, continuous communication. #HealthcareBenefits #EmployeeWellness #MaximizingBenefits #TotalRewards

https://lnkd.in/e995kTEd Employers plan to maintain their current health benefits in 2025, a recent Mercer survey of nearly 700 organizations found. This is despite the per-employee cost of benefits rising about 5.2% in 2023 and 2024, after nearly a decade of 3% annual cost growth #ADPTotalSource

Employers plan to maintain their current health benefits in 2025, a recent Mercer survey of nearly 700 organizations found. This is despite the per-employee cost of benefits rising about 5.2% in 2023 and 2024, after nearly a decade of 3% annual cost growth. #totalrewards #employeebenefits #healthbenefits