Health care trends, as you know it, are dead: Think differently about how to control your cost

For area employers immersed in financial and operational challenges stemming from economic volatility caused by Covid-19, organizations have increased their focus on cost sustainability. Forward thinking employers must alter the way that they measure and evaluate risk. During the period from 2010 to 2020, corporate health plan costs have increased 42%, from $509 billion to $724 billion. Over that same period, employee contributions grew by 140%, while the median wage has increased by only 23%. These experiences are dramatically influencing healthcare strategy.

The future of effective cost containment for employer sponsored health plans is changing. “Trend management is becoming as much of an art as it is a science,” says Gallagher North Texas Practice Leader Neal...