The Rising Cost of Employer-Sponsored Health

Employer-sponsored health plan costs will rise by 5.6% in 2023, 1.2% higher than last year and along with it, premiums. In an already challenging inflationary market, companies are struggling to keep up with elevated healthcare costs. 73% attribute it to stifling salary and wage increases and 82% report it impacts the ability to remain competitive with other employers. The ballooning cost conundrum raises the question, is the healthcare industry continually passing the buck to employers? Enough is enough for many, leading to the redesign of traditional employer-sponsored benefits models. Some are using newly released payer pricing data to see where they are not getting the best deal and there is room for negotiation, while others are turning to direct contracting models to manage costs. Listen to leaders in the thick of employer health innovation give their take on easing the growing healthcare cost burden.