InterWest Insurance Services
AUGUST 31, 2023
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. The report predicts that employers will pay an average of $15,088 in 2024, compared to the average this year of $13,906.
InterWest Insurance Services
FEBRUARY 8, 2024
As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. The goal for these employers is to reduce their and their employees’ costs and improve health outcomes.
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HR Lineup
JANUARY 24, 2023
Cardinal Health is a healthcare services and products company that provides medical and surgical products, pharmaceuticals, and services to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. The company operates through two segments: Medical and Pharmaceutical.
InterWest Insurance Services
MARCH 23, 2023
Employers have often long struggled to boost participation in their wellness programs, but the COVID-19 pandemic changed that as people started looking for ways to better care for themselves both physically and emotionally. Had an average of 35% fewer emergency room visits and 30% fewer hospital admissions than low-engaged members.
HR Digest
MARCH 24, 2023
However, some of those costs may be offset by increased medication adherence and reduced hospitalization rates, which would end up saving payers money in the long run. Some pharmaceutical companies said they fear government-set drug prices will ultimately reduce patients’ access to new therapies. Their health plans save money.
Griffin Benefits
JULY 5, 2023
Employers of every size continue to struggle with the rising costs of healthcare, which ultimately increases the cost of medical premiums for everyone. In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications.
InterWest Insurance Services
JUNE 22, 2022
A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Berkeley economics professor, found that the majority of employees at one company he studied were in the highest-premium, lowest-deductible plan ($250 a year) their employer offered.
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