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Employee Benefits

U.S. employers brace for steepest health insurance cost hike in a decade

September 21, 2023 Reprints

U.S. employers are predicted to experience the steepest rise in health insurance costs in 10 years, with estimates between 5.4% to 8.5% for 2024, according to benefit consultants, Reuters reports. This surge is attributed to medical inflation, increased demand for expensive weight-loss drugs, and the broader availability of high-cost gene therapies.

1. Ozempic side-effect litigation may surge
2. DeSantis pledges to overhaul ACA with new health plan
3. Weight-loss drugs drives health insurance fund $15M deficit
4. Some BCBS plans start offering direct health care delivery
5. Cigna and Humana in advanced merger talks
6. Cigna plans to sell Medicare Advantage business for Humana merger approval

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U.S. employers brace for steepest health insurance cost hike in a decade

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