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More Employers Cover Weight-Loss Drugs: Survey

InterWest Insurance Services

The percentage of employers who are covering new and trendy weight-loss drugs has risen in 2024, continuing a trend of increasing coverage despite the costs, according to a new survey. And, as costs continue rising on average 5.25% in 2024, employers are taking a number of steps to manage costs. after rising 8.3% the year prior.

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Group Health Plan Trends for 2025

InterWest Insurance Services

Group Health Plan Trends for 2025 As health insurance costs continue to rise at an uncomfortable pace, employers in 2025 plan to shake up the status quo with their health care vendors, particularly those focused on reducing pharmacy spend, a main cost driver, according to a new report. GLP-1s loom large.

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The impact of rising health care costs on public sector budgets

Higginbotham

The decisions can have a ripple effect into other areas, such as: Increased Health Insurance Costs: Premium increases directly impact the budget and total health spending that is dedicated to employee benefit programs and services. Many employers offer group health insurance on a fully-insured basis.

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

The explosion in demand for new, costly and highly effective weight-loss and diabetes drugs is poised to play an outsized role in increasing the cost of health care, and in turn, health insurance in America. in 2023, compared to an increase of 6.4% in 2022, according to a report by Mercer.

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More Employers Cover Weight-Loss Drugs: Survey

InterWest Insurance Services

The percentage of employers who are covering new and trendy weight-loss drugs has risen in 2024, continuing a trend of increasing coverage despite the costs, according to a new survey. And, as costs continue rising on average 5.25% in 2024, employers are taking a number of steps to manage costs. after rising 8.3% the year prior.

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Report: Group Health Plan Cost Inflation to Pick Up Steam

InterWest Insurance Services

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.

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Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. And while drug costs are rising, some of the medications may actually reduce future health care costs for those taking them.