McKinsey October 15, 2024
Aditya Gupta, Akshay Kapur, Monisha MachadoPereira with Frank Boudon, Nikhil Mahajan, and Priya Patel

The US employer health benefits market has the opportunity to attract some 12 million members by offering innovative products that promise at least 10 percent savings and enhanced member experiences.

Despite inflation cooling off in the United States, the country’s health insurance leaders are still feeling the strain of the recent 40-year-high inflation. Commercial healthcare costs are expected to rise by 9 to 10 percent annually between 2024 and 2026. That’s roughly two to three times the average annual growth over the past four to five years. Employers, collectively the largest purchasers of health insurance, are gearing up to deal with these rising costs, which in turn is adding to the pressure on payers to offer new solutions that meet...

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Topics: Employer, Insurance, Patient / Consumer, Survey / Study, Trends
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