Higher medical costs for employer-sponsored plans are due to advances in treatments and health care consolidation trends, as well as specialty drug use and the new GLP-1 class of weight loss drugs, says a new report.
One in four retired Americans have regrets about their decisions regarding retirement savings, and employers should listen and make sure employees understand retirement planning, no matter their age, says a new survey.
Less than half of employers are confident in the integrity of health care services and fees charged by hospitals, pharmacy benefit managers, third-party administrators and even broker and consultants, says a new report.
A recent hearing at the U.S. House of Representative Health Subcommittee of the Energy and Commerce Committee heard testimony from shareholders and policy experts on costs and price transparency.
The Employee Benefits Security Administration (EBSA) recently announced that about half of the $1.4 billion amount came from enforcement actions ($844.7 million) and 30% came from informal complaint resolutions ($444.1 million).
Employees are demanding a wider range of benefits and changes that fit new ways of thinking about work and benefits, including more flexibility around remote work and expanded choices in their benefit plans.
A recent webinar focused on seven key predictions for the upcoming year when it comes to GLP-1 drugs and their impact on employee benefits.
DebugScreen: mobile
{
"author": {
"name": "Scott Wooldridge",
"webUrl": "/author/profile/scott-wooldridge/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 746,
"social": [],
"articles": [
{
"uri": "/2024/02/29/employers-should-expect-higher-health-care-costs-in-2024-outpacing-inflation/",
"title": "Employers should expect higher health care costs in 2024, outpacing inflation",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "February 29, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2023/09/moneyOne-dollar-Breaking-Article-202309210800.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Higher medical costs for employer-sponsored plans are due to advances in treatments and health care consolidation trends, as well as specialty drug use and the new GLP-1 class of weight loss drugs, says a new report.",
"body": null
},
{
"uri": "/2024/02/28/retiree-regrets-how-employers-can-get-the-next-generation-to-retire-better/",
"title": "Retiree regrets: How employers can get the next generation to retire better",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "February 28, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/04/02Retiree.jpg",
"width": "600",
"height": "400"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "One in four retired Americans have regrets about their decisions regarding retirement savings, and employers should listen and make sure employees understand retirement planning, no matter their age, says a new survey.",
"body": null
},
{
"uri": "/2024/02/26/hospital-prices-are-unreasonable-and-indefensible-say-employers/",
"title": "Hospital prices are 'unreasonable' and 'indefensible', say employers",
"byline": "Scott Wooldridge",
"kicker": "Research",
"prettyDate": "February 26, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/04/HealthCareSpendingCateogries.jpg",
"width": "616",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Less than half of employers are confident in the integrity of health care services and fees charged by hospitals, pharmacy benefit managers, third-party administrators and even broker and consultants, says a new report.",
"body": null
},
{
"uri": "/2024/02/22/new-research-finds-more-screening-is-needed-as-cancer-incidence-rates-are-rising-in-the-u-s/",
"title": "New research finds more screening is needed as cancer incidence rates are rising in the U.S.",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "February 22, 2024",
"timeToRead": "5 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/05/Cancer.jpg",
"width": "616",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "97% of those surveyed agreed that catching cancer as early as possible is a win-win for both employers and employees.",
"body": null
},
{
"uri": "/2024/02/20/health-care-price-transparency-continues-to-be-a-conversation-for-house-committee/",
"title": "Health care price transparency continues to be a conversation for House Committee",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "February 20, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/11/1120-Price-Transparency-MI.jpg",
"width": "616",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "A recent hearing at the U.S. House of Representative Health Subcommittee of the Energy and Commerce Committee heard testimony from shareholders and policy experts on costs and price transparency.",
"body": null
},
{
"uri": "/2024/02/15/dols-ebsa-recovered-1-4b-in-retirement-health-benefits-in-2023/",
"title": "DOL's EBSA recovered $1.4B in retirement, health benefits in 2023",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "February 15, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/02/Lisa-Gomez-Article-202402141612.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The Employee Benefits Security Administration (EBSA) recently announced that about half of the $1.4 billion amount came from enforcement actions ($844.7 million) and 30% came from informal complaint resolutions ($444.1 million).",
"body": null
},
{
"uri": "/2024/02/12/hdhp-enrollment-sees-2-drop-study-finds-employees-have-more-choices/",
"title": "HDHP enrollment sees 2% drop, study finds employees have more choices",
"byline": "Scott Wooldridge",
"kicker": "News",
"prettyDate": "February 12, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/01/hdhp-eligibility-e1707757507523.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "According to the report, the state with the highest rate of private-sector employees choosing HDHPs in 2022 was South Dakota.",
"body": null
},
{
"uri": "/2024/02/05/remote-work-roles-dropped-25-since-2021-employees-pushing-rto-mandates/",
"title": "Remote work roles dropped 25% since 2021, employees pushing RTO mandates",
"byline": "Scott Wooldridge",
"kicker": "Market Insights",
"prettyDate": "February 05, 2024",
"timeToRead": "4 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2023/11/modern-office-with-nyc-view-Article-202308110803.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "Only 11% of the workforce in the U.S. worked remotely in 2023.",
"body": null
},
{
"uri": "/2024/01/31/the-future-of-benefits-10-trends-to-help-employers-stay-at-the-forefront-of-a-hybrid-workforce/",
"title": "10 trends to help employers stay at the forefront of a hybrid workforce",
"byline": "Scott Wooldridge",
"kicker": "Analysis",
"prettyDate": "January 31, 2024",
"timeToRead": "1 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/01/The-future-of-benefits-MI.jpg",
"width": "620",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/analysis/",
"sectionName": "Analysis"
},
{
"uri": "/research/",
"sectionName": "Research"
}
],
"summary": "Employees are demanding a wider range of benefits and changes that fit new ways of thinking about work and benefits, including more flexibility around remote work and expanded choices in their benefit plans.",
"body": null
},
{
"uri": "/2024/01/30/glp-1-revolution-what-it-means-for-employer-sponsored-plans/",
"title": "GLP-1 revolution: What it means for employer-sponsored plans",
"byline": "Scott Wooldridge",
"kicker": "Analysis",
"prettyDate": "January 30, 2024",
"timeToRead": "5 minute",
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/01/AdobeStock_501320378.jpg",
"width": "661",
"height": "372"
},
"authors": [
{
"webUrl": "/author/profile/scott-wooldridge/",
"name": "Scott Wooldridge"
}
],
"kickerNode": [
{
"uri": "/analysis/",
"sectionName": "Analysis"
}
],
"summary": "A recent webinar focused on seven key predictions for the upcoming year when it comes to GLP-1 drugs and their impact on employee benefits.",
"body": null
}
]
}
}