Advisory Board August 26, 2024
According to a new report from the Business Group on Health, healthcare costs are projected to grow by almost 8% in 2025, the highest amount in over a decade, with employers likely shouldering much of this increase in costs.
How healthcare costs are impacting employers
For the report, the Business Group on Health surveyed 125 large employers across several different industries that cover a total of 17.1 million people in the United States between June 3 and July 12.
According to the report, healthcare costs are projected to increase by almost 8%, up from 6% in 2022. Even after plan design changes, actual healthcare costs are expected to grow at a higher rate than before the pandemic. Since 2017,...
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