Rhys Klovens’ Post

Aon projects a 9% increase in U.S. employer health care costs for 2025, highlighting the ongoing challenges businesses face in managing rising expenses. Aon's expertise is here to help employers make informed decisions. Read more about these insights: https://ow.ly/c6AO30sFQ51 #HealthCareTrends #HealthCareInsights

Aon projects a 9% increase in U.S. employer health care costs for 2025, highlighting the ongoing challenges businesses face in managing rising expenses. Aon's expertise is here to help employers make informed decisions. Read more about these insights: https://ow.ly/5zTU30sFQ8B #HealthCareTrends #HealthCareInsights

Aon projects a 9% increase in U.S. employer health care costs for 2025, highlighting the ongoing challenges businesses face in managing rising expenses. Aon's expertise is here to help employers make informed decisions. Read more about these insights: https://ow.ly/M9zi30sFQXW #HealthCareTrends #HealthCareInsights

This past Thursday, Aon released their latest projections for employer health care spend this coming year -- a whopping 9% for employers who do not implement a cost-savings strategy. Drivers include climbing Rx costs with GLP-1s, increasing medical claims, and inflation. Farheen Dam, head of North American Health Solutions at Aon, shares "It's imperative that employers consider the clinical evidence and health benefits" Employers aren't putting off these decisions, they're acting swiftly and deliberately. The impact to digital health is significant - the *only* way to demonstrate direct ROI for your clients is to evaluate your impact on their medical and Rx spend. If you aren't doing that today, reach out - this is what we live and breathe at Artemis. https://lnkd.in/g7VViBeh

"The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0 percent*" *The projection is applicable in a status quo environment when employers do not make changes or implement care management programs. ...If you’re sticking with the status quo, get ready for 2025! With Aon projecting a 9% increase in employer healthcare costs next year, the pressure is on. Employees are demanding more benefits, but with costs on rise, something’s got to give. Many employers are feeling it—balancing the need to support their workforce while managing rising expenses. What’s your plan to meet employee expectations without breaking the bank? #HealthcareCosts #EmployeeBenefits #HRStrategy

The average cost of employer-sponsored health care coverage in the US is projected to increase by 9% in 2025, surpassing $16,000 per employee, according to a new report from Aon. This anticipated rise is higher than the 6.4% increase seen from 2023 to 2024, despite the implementation of cost-saving strategies during that period. Aon's analysis indicates that the average budgeted health-plan cost for clients is expected to reach $14,823 per employee in 2024. These insights are derived from Aon's Health Value Initiative database, which incorporates data from over 950 US employers, representing around 6.7 million employees. With that being said, how often are you reviewing your #healthinsurance options as an individual an employer? If you could have more choices, a better understanding of what you pay for, and what you can/can't do under it, would it make your life easier? #HealthcareCosts #EmployerHealthcare #AonReport

With #affordability being one of the (if not the) top priority for many organizations, it is imperative for HR and Benefit buyers to find sustainable ways to control health care trend without adopting measures that are seen as cost cutting by employees. What is your organization doing to control healthcare spend for 2025 and beyond? Read more about #Aon’s insights on this important topic, and reach out to discuss measures your organization can take to continually provide meaningful and sustainable benefits for your population!

The average cost of employer-sponsored health care coverage is projected to rise by 9% in 2025, according to Aon's latest analysis. This rise will impact various industries differently, but all will likely see a significant increase. Read more as employers prepare for increasing costs and mitigate the financial impact.

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

Yesterday, I joined the esteemed group of Johnny C. Taylor, Jr., SHRM-SCP., Tracy Layney Levi Strauss & Co., Shereef Elnahal U.S. Department of Veterans Affairs and Nicholas St. Fleur STAT for a discussion focused on improving employer-sponsored health care at the Milken Institute Global Conference.   American businesses provide health coverage to 180 million people and have a real opportunity to expect higher value from our health care system. For too long, the quality of health care has not kept pace with rising costs.   Here are some of the key topics we discussed:   - More solutions are needed to help patients become more sophisticated consumers of health care. Too often, it remains difficult to understand which treatment or service is optimal – from both a cost and quality perspective.   - Collectively, employers must better integrate the innovative tools that are on the market today in their benefit plans, particularly for add-on services in high demand areas like mental health and pharmaceutical innovation.   - The rising cost of care is disproportionately impacting small- and mid-sized businesses – who employ approximately half of America’s workforce. With regards to competitiveness, it's urgently important to offer more products designed to help these employers address rising costs while protecting their ability to offer attractive health benefits.    - Lastly, our new research with Milken Institute found that most employers are looking to better prioritize value within their health benefits. More emphasis needs to be placed on population health metrics and performance guarantees with insurance carriers.   As Tracy Layney stated, “Employers are responsible for keeping half of this country healthy.” We take that commitment very seriously – and should expect our health care system to continue to evolve and improve. You can access the full panel discussion here. I look forward to hearing your thoughts. #MIGlobal https://lnkd.in/eAfChrmj