Truist October 17, 2024
We recently surveyed more than 400 HR/Benefit managers for various health benefits solutions/offerings and other cost trends (e.g., GLP-1s). Overall, our survey provides interesting read-throughs for our employer benefits focused companies (PGNY, ACCD) and telehealth companies (TDOC and AMWL), and GDRX.
Macro Datapoints Bode Well for our Digital Health Coverage.
Our survey indicates that only 4% of employers expect to reduce headcount over the next 6-12 months. With several employer benefits digital health companies still partnering with employers/health insurers on a PMPM/PPPM basis, relatively stable Commercial headcount bodes
well for them. Further, employers expect net medical cost trends (after buy-downs, trend guarantees, etc.) to increase from 3.4%, on average, in 2024 to 4.2% in 2025, with categories running higher than baseline...
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