November 21, 2022
  • Large employers are bracing for a very expensive year as a convergence of factors drive up health costs. Previously, employers have been able to shift some of the cost burden to workers through premium increases or high-deductible plans. However, experts predict that a tight labor market will force employers to choose other options in the next two years. They also say that employers will have few options to adjust amid rising medical costs, the anticipated end of COVID-19 government flexibilities, and the pending transition of the COVID-19 response to the private sector. (Article here)