U.S. health plan sponsors are getting a grip on cost control. Outside the U.S. it's a very different story.

A study that sought information from medical insurers worldwide by Willis Towers Watson found that, overall, annual health care cost increases are the way of the world. Costs rose 7.5 percent globally in 2014, 8 percent last year, and are expected to rise more than 9 percent this year.

The recent increases in U.S. health care spending have averaged around 5 percent, according to earlier research by the consulting firm. While European nations have also managed to hold down increases to just over the 5 percent bar, other regions haven't been as successful.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.