Becker's Healthcare November 29, 2023
Already a pain point for many, global healthcare costs are expected to remain high over the next year, a WTW report found.
The company’s “Global Medical Trends Survey,” which surveyed medical cost trends from 266 insurers in 66 countries and was released Nov. 29, found the cost of global healthcare soared from 7.4% in 2022 to 10.7% in 2023, a record high. The 2024 insurer-reported cost trend is forecasted at 9.9% average worldwide, though some regions will see a steeper increase.
Europe saw the sharpest drop in projected rate increase, from 10.9% in 2023 to 9.3% in 2024, with the Middle East/Africa expected to see an increase in medical trend from 11.3% in 2023 to 12.1% in 2024.
“While...
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