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Employer Health Care Costs To Spike 8.2%
4+ day, 15+ hour ago (257+ words) Employers are bracing for an expected 8.2% increase in per-employee benefit cost in 2027, even after factoring in planned cost-control measures. This not only would be the fifth-consecutive year of elevated cost growth but also would be the largest annual increase since…...
Mark Cuban's Recipe For Affordable Healthcare Includes These 5 Policy Changes
4+ day, 15+ hour ago (601+ words) This week, lawmakers in the Texas state House brought in more than a dozen expert speakers to discuss how to make healthcare more affordable. One of those experts was entrepreneur and billionaire Mark Cuban, whose Cost Plus Drugs company seeks…...
Average HSA Balances Hit Record High
1+ week, 4+ day ago (233+ words) Average health savings account balances reached a record high of $5,532 in 2024, a new report from the Employee Benefit Research Institute found. More than half of account holders took distributions, and nearly 20% invested HSA funds in non-cash assets. As employees gain…...
Employers Face ‘Existential Reckoning’ As Health Costs Surge
1+ week, 4+ day ago (1306+ words) Healthcare spending isn’t just skyrocketing for U.S. companies. It’s also getting more difficult to predict, complicating efforts to keep cost growth in hand, according to new research. Employers are projecting a median 9.2% increase in health costs in 2027, as hospital prices…...
Insured Workers Struggle With Unexpected Medical Bills: Study
1+ week, 4+ day ago (438+ words) Word & Brown General Agency Many workers are financially vulnerable to unexpected medical expenses despite having access to at least some employer-sponsored benefits, according to new research from the Employee Benefit Research Institute in collaboration with Lincoln Financial. “Our findings suggest…...
Workers Are Paying More For Employer Healthcare Plans And 2027 Could Be Worse
2+ week, 4+ day ago (523+ words) Healthcare cost increases have rapidly outpaced employee wages in recent years, and US employers are bracing for an even bigger price shock in 2027. According to a new survey from WTW, a benefits consulting firm, 471 US large employers are projecting healthcare…...
U.S. Employer Health Care Costs Projected To Climb 9.5% In 2027
2+ week, 4+ day ago (425+ words) Word & Brown General Agency Employer health care costs in the United States are projected to rise 9.5% in 2027, according to professional services firm Aon plc — pushing average costs above $19,000 per employee. This projection marks the fourth consecutive year of elevated health…...
A Look Inside The Expanded Partnership Between SCAN And Costco
2+ week, 4+ day ago (686+ words) SCAN Group and retailer Costco are expanding their partnership by launching new co-branded Medicare products. The initial plans include a Medicare Advantage plan available in two states and Medicare supplement coverage in a third. The companies said the launch makes…...
California Weighs Penalties For Healthcare Providers That Don't Rein In Costs
2+ week, 4+ day ago (800+ words) California is weighing stiff penalties for hospitals and other healthcare entities that don’t stay under state spending limits, potentially levying hundreds of millions of dollars in fines if these providers don’t take steps to rein in rising healthcare costs. If…...
Employer Groups Fight No Surprises Act Pay Award Ruling
2+ week, 4+ day ago (573+ words) Three employer groups are asking the 9th U.S. Circuit Court of Appeals to let the insurers and employers involved in No Surprises Act claim disputes sue over what they believe to be outrageous awards. The groups — the American Benefits Council, the ERISA…...