Reuters September 21, 2023
Sept 20 (Reuters) – U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor market.
Benefit consultants from Mercer, Aon (AON.N) and Willis Towers Watson (WTW.O) see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies.
A survey conducted by Mercer, a unit of Marsh McLennan (MMC.N), found over two thirds of employers either do not plan to shift any cost increase to their staff or will pass on less than the expected rise in 2024.
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