Fierce Healthcare August 20, 2024
Employers are up against escalating healthcare costs driven by mounting prescription drug expenses, inflation and worsening chronic conditions, a new survey shows.
The Business Group on Health released its annual Employer Health Care Strategy Survey on Tuesday morning, which examines the trends that large employers are watching and their plans to address the healthcare challenges they may face. The survey projects that healthcare cost trend will jump to 8% in 2025, growing from 6% in 2022.
Actual healthcare costs have increased by 50% since 2017, according to the report.
“I would say the headline here is healthcare costs are making a big jump, thanks largely to pharmacy costs overall,” said Ellen Kelsay, CEO of the Business Group, during a briefing...
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