It’s time to think differently about managing health benefits. Costs are spiraling out of control. Programs are too opaque, even for the organizations paying the benefits. And billions of dollars that could be invested in benefits, better care and healthier employees are being lost. Here are our thoughts.
Large U.S. Employers Project Health Care Benefit Costs to Surpass $14,000 per Employee in 2018
"The Large Employers’ 2018 Health Care Strategy and Plan Design Survey found employers project the total cost of providing medical and pharmacy benefits to rise 5% for the fifth consecutive year in 2018. Including premiums and out-of-pocket costs for employees and dependents, the total cost of health care is estimated to be…
Employer health benefit costs expected to rise 5% next year
"Total costs for on-the-job health care benefits are expected to rise an average of 5% in 2018, surpassing $14,000 a year per employee, according to a National Business Group on Health survey of large employers. Specialty drugs continue to be the top driver of increasing costs." Healthcare fraud, waste, and abuse is driving…