InterWest Insurance Services
AUGUST 15, 2024
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.
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. However, some pharmaceuticals cost much more. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.
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InterWest Insurance Services
AUGUST 6, 2024
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.
InterWest Insurance Services
AUGUST 15, 2024
As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans’ cost burdens, some carriers are starting to reduce the number of medications they’ll cover and are imposing new barriers to accessing the most expensive ones. On top of it all, pharmaceuticals are getting more expensive.
Griffin Benefits
JULY 5, 2023
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. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.
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. in 2023, according to the Mercer “National Survey of Employer-Sponsored Health Plans.”
InterWest Insurance Services
DECEMBER 21, 2023
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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