A global pandemic did what no health expert or innovation has been able to do in decades. It significantly lowered health care spending costs compared to original 2020 projected levels for most U.S. employers that pay employee medical, dental and vision claims through insurance carriers. While carrier responses varied significantly, 2020 medical claims are projected… Continue reading U.S. Employers to Experience Lower Health Benefit Costs in 2020 Due to COVID-19 Impact
Tag: employer-sponsored health care
Up to 43 Million Could Lose Employer-Sponsored Health Insurance
As unemployment soars, an estimated 25 million to 43 million people will lose their employer-sponsored health insurance coverage in the coming months, according to a new study. Before the COVID-19 pandemic, about 160 million people nationwide under the age of 65 got their health insurance through their jobs. Between March 15 and April 25, 30… Continue reading Up to 43 Million Could Lose Employer-Sponsored Health Insurance
Global Health Care Benefit Cost Increases Will Vary Widely in 2020: WTW
Employer-sponsored health care benefit cost increases are expected to vary widely around the globe in 2020, according to a survey of medical insurers by Willis Towers Watson, a leading global advisory, broking and solutions company. The survey found mental health conditions are expected to become one of the most significant cost factors over the next… Continue reading Global Health Care Benefit Cost Increases Will Vary Widely in 2020: WTW