The cost to insure a family of four now exceeds $35,000 per year. That figure has nearly tripled over the past two decades, far outpacing both wages and inflation — and with medical costs rising by roughly 8.5% annually, employers are increasingly left footing the bill. Next year, the cost of health care per employee is expected to climb an average 6.5%.
For self-insured employers, who have a fiduciary responsibility to manage their healthcare plans wisely, this isn’t just expensive; it’s unsustainable. Fortunately, there’s a straightforward path for employers to reassert control over their health claims data and secure bargains for themselves and their employees.
