McKnight’s Senior Living January 5, 2024
US healthcare costs are expected to increase for employers this year, according to recent reports from insurers.
Healthcare costs reached a historic high in 2023, “with the medical trend rate climbing into the double digits for the first time,” according to Willis Towers Watson’s Global Medical Trends Survey. The experts at WTW said that although they envision some near-term improvement in healthcare trends this year, longer-term challenges will persist.
“While some cost increases are projected to ease in 2024, they remain at significantly high levels,” Linda Pham, senior director, integrated and global solutions at WTW, as reported in an SHRM article about the research. “The high cost of new medical technologies is a key reason for the persistently high trend....
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