The projected 7.8 percent increase is lower than the 8.4 percent rise in 2018, thanks to employer cost containment measures, tighter procurement of medical goods and new health improvement initiatives. (Photo: Shutterstock)
Employers shouldn't look for any respite from rising medical costs in the coming year, according to the 2019 Global Medical Trend Report from Aon.
But they won't be alone in facing an expected increase of nearly 8 percent. In fact, the report says, they'll have plenty of company—costs are going up globally, with the expected average increase before plan changes in medical and pharmacy cost for employer-sponsored medical plans in 2019 of 7.8 percent.
And even though that's slightly lower than the 8.4 percent rise in 2018, thanks to employer cost containment measures, tighter procurement of medical goods, new health improvement initiatives and lower rates of projected inflation worldwide, it's definitely not good news.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
