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Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
Baby boomers are retiring at roughly 10,000 per day, and their $30 trillion in retirement assets could be part of an $84 trillion intergenerational wealth transfer over the next two decades.
This accounts for roughly one-third of national health expenditures in 2024 and driving costs for families, employers, Medicare, Medicaid and other payers.
The company said its 27,000 pharmacists will guide customers in applying the discounts and support related programs, including NovoCare enrollment and reduced pricing on fertility medications through the TrumpRx Fertility initiative.
Medical inflation is projected at nearly 6% annually, outpacing income growth and pushing lifetime health care costs toward $1 million for many couples.
EBSA said the $1.4 billion returned to plans, participants and beneficiaries represents a slight increase from the $1.384 billion recovered in fiscal year 2024.