Theres no stopping the rising tide in benefit costs, with many insurers and plan administrators in the U.S. and worldwide expecting employee medical costs to continue to grow. And while health care costs are growing more slowly than in years past, the increases are unsustainable over the long-term, say those in the industry.
The cost of providing employee health care benefits has stabilized around the world but is expected to increase 8.3% globally this year slightly higher than the 7.9% and 7.7% recorded over the past two years, according to a survey from Towers Watson.
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