Employers’ health benefits costs expected to grow, but most won’t take cost-saving measures

Irrespective of the expected increase of employer’s health advantages expenses in 2021, most companies do not approach on having charge-price savings measures, according to early outcomes from Mercer’s Countrywide Survey of Employer-Sponsored Wellbeing Strategies 2020.

The study, which provided in excess of 1,000 employer responses because early July, estimates that the health advantages charge for businesses will increase by 4.4% for 2021.

This increase follows the upward development of once-a-year adjust in health benefit expenses because 2019, even so, it is nevertheless outgrowing the Consumer Cost Index and personnel wage progress, which have fallen to approximately zero, according to Mercer. 

Mercer’s full study outcomes are expected to be introduced in November, the organization said.

What’s THE Impact

When producing their health programs, businesses have to look at a wide variety of variables for the upcoming 12 months according to Tracy Watts, a senior guide at Mercer.

“Different assumptions about charge

Read More