SHRM August 29, 2023
As employers begin to predict what next year holds in terms of pay raises and health care costs, a new analysis predicts even steeper hikes for health care than other estimates.
Average costs for U.S. employers that pay for their employees’ health care could increase 8.5 percent to more than $15,000 per employee in 2024, according to Aon, a global professional services firm.
The projected increase would nearly double the 4.5 percent hike in health care budgets that employers experienced from 2022 to 2023. On average, Aon estimated that the budgeted health care plan cost for employers this year is $13,906 per employee.
The report from Aon, which was released earlier this month, is substantial, as the firm analyzed health...
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