Tag

Employer Sponsored Health Plans

All articles tagged with #employer sponsored health plans

Cost pressures push large employers to trim health benefits
business1 month ago

Cost pressures push large employers to trim health benefits

Facing rising health-care costs, major employers are trimming or shifting benefits: Disney will drop health coverage for working spouses with access to their own coverage next year, Starbucks will end GLP-1 weight-loss coverage, and Deloitte is rolling back parental leave and IVF funding for some employees. Projections from Marsh, Aon, and the Business Group on Health point to ongoing high single-digit cost growth into 2027, with costs increasingly passed to workers via higher premiums or tighter plan designs. To cope, employers are pursuing cost-control measures like direct contracting, narrower networks, and new benefit approaches such as Individual Coverage Health Reimbursement Arrangements (ICHRA), signaling a shift in how costs are managed even as some maintain core benefits.

Gender Gap: Working Women Outspend Men by $15.4 Billion in Health Expenses
health3 years ago

Gender Gap: Working Women Outspend Men by $15.4 Billion in Health Expenses

Working women in the U.S. spend $15.4 billion more than men on out-of-pocket health expenses annually, according to a study by Deloitte Consulting. The analysis of employer-sponsored health plans found that women spend 18% more than men on copays and deductibles, excluding pregnancy and maternity costs. Despite women's total health expenditures being only 10% higher than men's, the study highlights the disproportionate financial burden faced by women. Deloitte suggests that employers could close the gender gap in cost-sharing through enhanced benefits design, at an estimated cost of $133 per employee per year.

Federal Judge Strikes Down ObamaCare's Preventive Services Requirement
healthcare3 years ago

Federal Judge Strikes Down ObamaCare's Preventive Services Requirement

A federal judge in Texas has ruled that employers cannot be required to cover specified preventive health care services under the Affordable Care Act, including HIV PrEP, contraception, and cancer screenings. The ruling has major implications for the more than 150 million Americans on employer-sponsored health plans and could put millions on the hook financially for high-value services. The Biden administration is expected to appeal the decision, which stemmed from a case brought by individuals and Christian-owned businesses who argued that they should not be mandated to offer coverage of HIV PrEP because they did not want to encourage "homosexual behavior."