More and more firms are responding to rising costs by ditching conventional health insurance and assuming direct financial responsibility for their companies’ health plans. Notably, the growth in self-insurance is being driven by small- and medium-sized employers, for whom the switch can be a bigger financial risk.
It’s growing more expensive for employers to offer health insurance.
Employer insurance costs are expected to climb 6.5% in 2024, according to a new survey from major benefits consulting firms Mercer and Willis Towers Watson. Employers spend about $14,600, on average, to insure a single employee, a 5% percent increase from last year . . .
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Here’s How American Employers Are Seeking Affordable Alternatives To Obamacare
Sally C. Pipes
More and more firms are responding to rising costs by ditching conventional health insurance and assuming direct financial responsibility for their companies’ health plans. Notably, the growth in self-insurance is being driven by small- and medium-sized employers, for whom the switch can be a bigger financial risk.
It’s growing more expensive for employers to offer health insurance.
Employer insurance costs are expected to climb 6.5% in 2024, according to a new survey from major benefits consulting firms Mercer and Willis Towers Watson. Employers spend about $14,600, on average, to insure a single employee, a 5% percent increase from last year . . .
Click to read the full article at Forbes
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.