Employers should expect higher health care costs in 2024, outpacing inflation (2024)

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Higher medical costs for employer-sponsored plans are due to advances in treatments and health care consolidation trends, as well as specialty drug use and the new GLP-1 class of weight loss drugs, says a new report.

By Scott Wooldridge | February 29, 2024 at 11:00 AM

Employers should expect higher health care costs in 2024, outpacing inflation (1) Credit: ink drop/Adobe Stock

Increases in medical costs are outpacing inflation, a new report has found. The 45th National Healthcare Trend Survey by Buck, a Gallagher Company, is a longstanding effort to track the trends in health care costs and the latest twice-yearly report found that health provider systems are trying to rebound from revenue lost during the COVID-19 pandemic. It also found that like the U.S. economy in general, health care has been undergoing a period of higher inflation.

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Employers should expect higher health care costs in 2024, outpacing inflation (2024)
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