The Biden administration announced new initiatives Friday that could reduce health care costs, though none will take effect immediately.
Tag: health care costs
U.S. Employers to Experience Lower Health Benefit Costs in 2020 Due to COVID-19 Impact
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
Pandemic May Fuel Higher Employer Health Care Cost Increases in 2021: WTW
While the pandemic drove a significant decrease in the use of health care services in 2020, employer health care benefit costs in 2021 are likely to increase above and beyond non-pandemic projections as care deferred in 2020 is pushed into the future, according to a new Willis Towers Watson analysis of medical claims and the… Continue reading Pandemic May Fuel Higher Employer Health Care Cost Increases in 2021: WTW
With Health Care Costs Projected to Rise Another 5% in 2020, Employers Look to New Strategies to Control Costs
Curbing the cost of health care and increasing its affordability remain the top priorities for almost all employers over the next three years (93%), according to the 24th annual Best Practices in Health Care Employer Survey by Willis Towers Watson, a leading global advisory, broking and solutions company. Yet nearly two in three (63%) employers… Continue reading With Health Care Costs Projected to Rise Another 5% in 2020, Employers Look to New Strategies to Control Costs