October 13, 2022
  • Willis Towers Watson’s 2023 Global Medical Trends Survey of health plans found that inflation could drive health benefit costs about 10 percent higher this year. Seventy-eight percent of the 257 insurers surveyed said it will be especially costly over the next three years. Seventy-four percent of insurers cited “overuse of care” as the leading cost driver and 52 percent cited poor health habits. They also identified cancer, cardiovascular, and musculoskeletal as the top three conditions by cost. Insurers ranked contracted networks of providers as the most effective method for managing costs. (Survey here)