Despite a rare reprieve during the COVID-19 pandemic, health care spending continues to go up, up, up. Employers are bracing for another round of hikes this renewal season, while Mercer is forecasting a 5.6% increase in per-employee health care costs in 2023.
With inflation taking a heavy toll on employees' pocketbooks, employers will have some hard choices when deciding how to absorb the increase in costs. In fact, Mercer's estimate takes into account expected cost-containment measures, without which health plan cost increases would be closer to 7%.
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
