Healthcare costs for large U.S. employers will rise by about six percent in 2020 if they don’t make any cost management adjustments. A six percent increase is roughly the same increase faced by employers each year since 2015 and is lower than the steep increases faced throughout the 2000s. Yet, this increase outpaces general inflation — forcing employers to implement strategies to reduce healthcare costs.
In our Guide to Gaining Control Over Your Corporate Healthcare Costs, we’ll cover key considerations for reducing employer healthcare costs, including:
- Creating a culture of health
- Controlling prescription drug costs
- Implementing an onsite clinic, and
- Monitoring utilization rates of health programs