Employers’ projected healthcare cost trend is expected to rise from 6% in 2022 to nearly 8% by 2025, according to the Business Group on Health survey. The increase is the highest in over 15 years and is expected to persist. Pharmacy costs are a major contributor to cost increases, with GLP-1s being significant drivers of healthcare costs in 2024. Employers are absorbing the increased healthcare costs to address affordability for employees. To manage costs, employers plan to reevaluate vendor partnerships through the RFP process. Employer concerns about the quality of information from vendors and the importance of accurate data are highlighted in the survey findings.
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Business Group on Health: Healthcare Costs Expected to Surge at Highest Rate in 15 Years
