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Health benefits costs are high and climbing in the United States, but the job market still looks good, according to executives from Willis Towers Watson.
Julie Gebauer, president of Health, Wealth & Career at Willis, said continues to increase its revenue.
"We haven't seen softening employment impact our revenue overall," Gebauer said.
Employers continue to compete for certain kinds of jobs and skills, she added.
Gebauer acknowledged that health care prices are a major concern for employers.
"Health care inflation is still front and center for a lot of organizations due to the higher cost driven by things like increased utilization, technological advances, prescription drug cost increases, and the list goes on," she said.
Marsh McLennan CEO John Doyle said during his firm's earnings call that the cost of health care may be hurting the U.S. economy.
Brown & Brown CEO J. Powell Brown said his firm sees employers trying to maintain strong health benefits packages but tailoring specific benefits to try to hold down coverage costs.
Perspective: Carl Hess, the CEO of Willis Towers Watson, said the firm is still watching employment levels, along with other economic inidcators, for signs of economic stress.
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