In recent years, the health care industry has been navigating a landscape fraught with volatility. Shifting market demands, supply chain struggles and medical inflation issues have driven many key challenges. In 2024, several additional trends could impact the health care sector. These include labor shortages propelled by demographic shifts and changing skills requirements; technological advancements...
As business leaders begin budgeting and strategizing for 2024, many are faced with balancing two items when it comes to benefits: ensuring low costs and prioritizing employees’ requests to offer better health benefits. With benefits slated as the second largest people expense for businesses, next to payroll, and health care costs across the nation estimated...
Amid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000 per employee), nearly double 2023’s figure. Here are four key trends driving employer health care...
What does inflation have to do with healthcare? As far as consumers are concerned, just about everything. The cost of healthcare is not immune to historic levels of inflation: A recent report by WTW predicts that global healthcare benefit costs will jump 10% in 2023. Coupled with rising consumer prices, and unaffordable healthcare can have troubling and swift...
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