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Employer Sponsored

All articles tagged with #employer sponsored

business2 days ago•2 min saved

Employer health-plan costs projected to rise 8.2% in 2027, driven by drugs and billing disputes

A Marsh survey of more than 1,800 employers shows employer-sponsored health-insurance costs are projected to climb 8.2% in 2027, the largest rise in over two decades. Drivers include the uptake of GLP-1 weight-loss drugs, AI-based billing by medical providers, and a 2022 federal dispute-resolution process that has produced numerous medical-billing disputes and higher payouts, with hospital consolidation and advanced cancer care also pushing costs. Workers could face higher premiums or reduced coverage, and even with cost-control measures, costs would still rise—about 11% without changes to plans.

via The Washington Post|

#business #employer-sponsored #glp-1-drugs

healthcare1 year ago•2 min saved

Ex-Aetna CEO Advocates Ending Employer-Sponsored Insurance for Healthcare Reform

Mark Bertolini, former Aetna CEO and current CEO of Oscar Health, advocates for eliminating employer-sponsored health insurance to address inefficiencies in the U.S. healthcare system. He suggests that individuals should select their own plans from a marketplace, as employer-sponsored plans often fail to meet personal needs and have become less effective in controlling costs. This proposal comes amid heightened frustration with the healthcare system, exacerbated by the recent murder of UnitedHealthcare CEO Brian Thompson. Bertolini's Oscar Health aims to expand its marketplace presence for individuals not covered by employer insurance.

via Yahoo Finance|

#employer-sponsored #healthcare #insurance

healthcare2 years ago•1 min saved

The Soaring Cost of Family Health Insurance: $24,000 a Year

Premiums for employer-sponsored health insurance have increased by 7% this year, with the average cost for a family plan reaching $23,968 annually. Workers typically pay over $6,500 towards this amount, while employers cover the rest. The cost of single plans also rose, averaging $8,435 annually. These increases outpaced workers' wages and inflation. The rising costs of job-based health insurance premiums highlight the ongoing struggle with medical bills and the lack of a national strategy to address healthcare costs. Approximately 153 million Americans receive health insurance through their employers, and future out-of-pocket increases may be expected as 23% of employers plan to increase workers' contributions in the next two years.

via Fox Business|

#employer-sponsored #health-insurance #healthcare