Tag

Employers

All articles tagged with #employers

business27 days ago•5 min saved

Big Employers Plan 2027 Health-Benefit Cuts as Costs Rise

Several large employers, including Disney, Starbucks, Bloomberg, Deloitte and the City of Dallas, plan to trim or redesign 2027 health benefits—such as spousal coverage restrictions, higher premiums, elimination of GLP-1 weight‑loss drug coverage, and reduced benefits—to curb soaring costs projected around 9–9.5% next year, pushing average costs above $19,000 per employee. Analysts warn workers will bear more of the burden even as companies explore alternatives like direct‑to‑patient drug pricing and ICHRA adoption, which face implementation hurdles.

via USA Today|

#business #employers #health-benefits

health-care-policy1 month ago•20 min saved

Before hiking workers' healthcare costs, employers should demand hospital efficiency first

With employer health-benefit costs projected to rise about 6.7% in 2026, Fortune argues that before asking workers to pay more, large employers should press hospitals to show they’re using current capacity efficiently rather than simply expanding capacity. The piece cites real-world gains from better patient-flow management—Cincinnati Children’s Hospital Medical Center reportedly saved about $137 million annually by reorganizing capacity, while The Ottawa Hospital observed fewer deaths and about $9 million in annual savings—demonstrating that scheduling, capacity, and patient flow are operational questions that can curb inflation without compromising care.

via Yahoo Finance|

#costs #employers #health-care-policy

business2 months ago•7 min saved

California health-insurance costs near $30k for families in 2027

PwC’s survey forecasts about a 9% rise in California employer health-insurance premiums in 2027, pushing the average family premium past $30,000 as hospital and drug costs climb and a new Medi‑Cal tax adds to the bill. Employers are shifting costs to workers with higher deductibles and co-pays, potentially slowing wages and hiring, raising prices, and squeezing small businesses and consumers across the state.

via Los Angeles Times|

#business #california #cost-of-living

business8 months ago•5 min saved

Plan Ahead for ICE Visits: A Lawyer's Guide for Employers

A Minneapolis immigration attorney warns that ICE raids are intensifying in Minnesota and urges employers to prepare by establishing a workplace protocol, restricting access on private property without warrants, role-playing response scenarios, and consulting counsel before responding to government requests, while also informing employees of their constitutional rights to stay silent and seek counsel.

via Business Insider|

#business #employers #ice

healthcare9 months ago•2 min saved

Rising Costs and Access Challenges in Weight Loss Medications

Employers like HCA Healthcare are dropping coverage for weight loss drugs such as Zepbound and Wegovy due to rising costs and are directing employees to manufacturer discount programs, which may be cheaper than insurance coverage. The growth of direct-to-consumer programs by pharma companies Eli Lilly and Novo Nordisk is contributing to this shift, potentially making these drugs less affordable for the general public despite expanding access.

via statnews.com|

#costs #employers #healthcare

healthcare11 months ago•1 min saved

Rising Use of Obesity Drugs Sparks Cost and Access Challenges

Pharmaceutical companies and entrepreneurs are promoting a new payment model where employers subsidize the cash price of obesity medications like Wegovy and Zepbound, allowing employees to access these drugs at lower costs without insurance, potentially reducing overall expenses for both parties.

via statnews.com|

#cost-reduction #employers #healthcare

politics1 year ago•3 min saved

Controversies and Consequences Surrounding Charlie Kirk-Related Discharges

Companies and government agencies are rapidly firing employees over social media posts related to Charlie Kirk and political violence, reflecting shifting norms around free speech and employer vigilance, with legal and cultural implications.

via Axios|

#charlie-kirk #employers #firings

healthcare1 year ago•4 min saved

Health Care Costs Hit 13-Year High Amid Rising Premiums and Drug Prices

U.S. healthcare costs are rising sharply, with employers facing nearly 9% higher expenses for employee coverage, leading to increased paycheck deductions and out-of-pocket costs for workers, driven by higher insurer, drug, and hospital prices amid reduced competition and market consolidation.

via NPR|

#drug-prices #employers #healthcare

health1 year ago•1 min saved

Rising Health Care Costs Signal Higher Employee Expenses Next Year

A survey indicates that healthcare costs for workers are expected to rise significantly next year, with higher premiums, deductibles, and potential benefit reductions, driven by increased drug prices, hospital costs, and demand for care, marking the largest increase since 2010.

via The New York Times|

#benefit-costs #employers #health

business1 year ago•3 min saved

Rising Healthcare Costs in 2026: Impact on Workers and Employers

In 2026, workers will face higher health insurance premiums due to a projected 9-10% increase in employer health costs, driven by rising medical and drug expenses, with employers shifting more costs onto employees and exploring alternative health plan arrangements to manage expenses.

via Axios|

#business #cost-shifting #employers

healthcare1 year ago•2 min saved

Employers Increasingly Shift Health Coverage Shopping to Employees

A growing number of employers are adopting Individual Coverage Health Reimbursement Arrangements (ICHRAs), which give workers money to buy their own health insurance instead of traditional group plans, offering more flexibility and predictability for small businesses but shifting the insurance shopping burden to employees.

via Yahoo Finance|

#employee-benefits #employers #health-coverage

economy2 years ago•5 min saved

"Minimum Wage Hikes Across 22 States in 2023: Who's Ready for the Change?"

Starting January 1st, Minnesota's minimum wage will increase, impacting both employees and employers. The change is part of scheduled wage adjustments to keep up with inflation and cost of living. Employers in the state are preparing for the change, which may involve adjusting their payroll systems, reassessing labor costs, and potentially altering prices or services to maintain profitability. The wage hike aims to help low-income workers but could also challenge small businesses operating on thin margins.

via Star Tribune|

##economy #employers

business2 years ago•6 min saved

"The Rise of Bosses: Power Dynamics in 2023"

After years of tension between workers and bosses over remote work and office returns, employers have gained the upper hand in 2023. The weakening economy and cooling labor market have shifted the power balance in favor of employers, leading to mandates for in-person work and monitoring attendance. However, workers have not lost all they fought for, as many have gained greater flexibility, autonomy, and pay. Going forward, the new hybrid work environment is expected to be dictated by employers, although some employees in high-demand sectors may still hold leverage. Until the next economic growth cycle, workers will likely have fewer opportunities to change jobs and less sway in negotiating pay and autonomy.

via BBC.com|

#business #employers #hybrid-work

technology2 years ago•3 min saved

"Unlocking the Power of AI Skills: Boost Your Salary and Bridge the Knowledge Gap"

A recent study conducted by Access Partnership and Amazon Web Services reveals that workers with AI skills can expect a salary increase of at least 30%. The study surveyed employers and employees across various industries and found that IT, sales and marketing, and operations departments are likely to see the highest pay bumps. Employers estimate that IT workers with AI expertise could receive a 47% salary increase, followed by sales and marketing teams at 38%. The research highlights the increasing value of AI skills in the workplace and the potential for productivity improvements.

via Business Insider|

#ai-skills #employers #productivity-boost

businessemployment3 years ago•1 min saved

"The Resurgence of Boss Power: A Shift in U.S. Offices"

A new workplace trend called "quiet cutting" is emerging in the American job market, where companies reorganize existing employees instead of laying them off or firing them. This approach allows companies to avoid severance packages and potentially save money. While the U.S. job market has been strong, some companies are adopting this trend due to apprehensions about the future. This shift suggests that employers are gaining more control in the workplace.

via CNBC|

#businessemployment #economy #employers