Employer Health Costs: Amid Continual Increases the Cost of Doing Nothing is Too High
Executives who think ahead and ask the right questions – monthly – can make a real difference in healthcare costs.
Executives who think ahead and ask the right questions – monthly – can make a real difference in healthcare costs.
Experts believe value-based care won’t ever reach scale unless fundamental barriers are addressed — including voluntary models, misaligned payer incentives, excessive metrics and weak employer engagement.
ICHRA is surging in popularity as an option for employer-sponsored insurance to access the individual market, as employers rethink traditional group plans with unpredictable renewal rates and employees seek personalized healthcare. Here's a closer look at why investors and politicians are eyeing ICHRA.
The status quo is simply untenable for many companies as health insurance costs spiral. From family-owned businesses to large enterprises, employers are taking advantage of an alternative designed by politicians on both sides of the aisle.
Cancer and pharmacy services are driving up costs for employers. One Mercer exec recently laid out several recommendations for employers to manage these costs.
MedCity News was at the Vive conference and spoke with executives who shared their insights for the healthcare industry.
Employers' healthcare costs are anticipated to rise by 8.5% in 2024, according to Aon. The projected increase is nearly twice the 4.5% increase that employers saw from 2022 to 2023. Inflation is a major factor for the increase.
Carrum Health's $45 million funding round was led by OMERS Growth Equity and included participation from Revelation Partners, Tiger Global, Wildcat Venture Partners, Cross Creek and SpringRock Ventures. It brings the company’s total financing to about $96 million.
As a possible recession looms, the unemployment rate will likely rise, meaning employers won’t have to work as hard to find workers. Therefore, they’ll likely be cutting down on the digital health companies they work with, and tech vendors will really have to prove their worth in reducing costs, one expert says.
Health benefit costs increased 3.2% in 2022, but employers are expecting costs to jump even higher in 2023, a Mercer report showed. Employers' top priorities right now are providing benefits that attract and retain employees and boosting mental health support.
Arbiter’s Anjali Jameson on hospital and payer alignment.
A recent survey from the National Business Group on Health found that among large employers, 55 percent were in favor of expanding Medicare.