Healthcare DIVE September 17, 2024
About half of employers said they would make cost-cutting changes to their plans next year, like increasing deductibles or other cost-sharing provisions, according to the report by consultancy Mercer.
Dive Brief:
- Health benefit costs per employee are expected to rise 5.8% on average next year, even after companies implement cost-saving measures like raising deductibles, according to preliminary data from consultancy Mercer.
- If employers don’t use cost-cutting strategies, Mercer estimates their expenses will rise by about 7% on average. Smaller companies with 50 to 499 workers would be particularly hard hit: Their expenses would spike by about 9% on average if they don’t take action to lower costs.
- Next year could be the third consecutive year with cost...
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