MedCity News November 29, 2023
Globally, health benefit costs are expected to increase 9.9% in 2024, according to a new report from Willis Towers Watson. This is a slightly slower pace than in 2023, which saw a record-high increase of 10.7%.
Healthcare costs are continuing to rise, with about three-fifths of insurers expecting increases over the next few years, a new survey revealed. However, there seems to be slight easing, with healthcare costs anticipated to increase at a slower pace in 2024 compared to 2023.
The Willis Towers Watson Global Medical Trends Survey, published Wednesday, was conducted between June and August. It includes responses from 266 insurers representing 66 countries. About 41% are based in Asia Pacific, 24% are based in the Americas, 24% are...
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