MedCity News December 1, 2024
Global medical costs are expected to rise by double digits for the third year in a row, according to a recent survey from WTW.
The healthcare industry has been grappling with rising global medical costs for years, and a new survey suggests that these challenges are unlikely to ease anytime soon.
Insurers around the world are projecting medical costs to rise by 10.4% in 2025, according to the recent WTW Global Medical Trends Survey. This will be the third consecutive year that global medical costs have increased by double digits. There was a 10.4% increase in 2024 and a 10.7% increase in 2023.
“With medical cost increases remaining at double-digit levels, employers will need to manage budget expectations and balance...
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