North American employers may take some but not much comfort in the knowledge that medical trend rates are a lot worse in other parts of the world, except Europe.
Specifically, a projection of 2015 global medical cost increases by Aon Hewitt calls for a 6.5% jump for North America (9% for the U.S. and 4% for Canada), 6% for Europe, 14.6% for Latin America and the Caribbean, 12% for the Middle East and Africa, and 10.9% for the Asia Pacific.
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