The United States is not the only country dealing with surging costs for employer-sponsored health insurance. Globally, medical costs are expected to increase by more than 10 percent in 2011.
What's more, according to experts at Towers Watson, little relief is in sight, with the vast majority of respondents to a survey from the firm expecting higher medical costs over the next five years.
The Towers Watson Global Medical Trends survey, which includes responses from 170 medical insurers in 37 countries throughout Asia, Africa, Europe and the Americas, found that globally, the average medical cost trend is expected to be 10.5 percent in 2011.
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