woman filling job application form in office with boss
Photo by Sora Shimazaki on Pexels.com

“U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according to forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor market,” Leroy Leo and Khushi Mandowara write for Reuters. “Benefit consultants from Mercer, Aon (AON.N) and Willis Towers Watson (WTW.O) see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies. A survey conducted by Mercer, a unit of Marsh McLennan (MMC.N), found over two thirds of employers either do not plan to shift any cost increase to their staff or will pass on less than the expected rise in 2024. ‘They don’t want to add more financial stress on employees who are also coping with inflation, especially in this time where they’re really relying on their health benefits as a way to keep employees working for them,’ said Beth Umland, Mercer’s director of health & benefits research.” Leroy Leo and Khushi Mandowara, “U.S. employers to see biggest healthcare cost jump in a decade in 2024,” Reuters.

Jeanne Pinder  is the founder and CEO of ClearHealthCosts. She worked at The New York Times for almost 25 years as a reporter, editor and human resources executive, then volunteered for a buyout and founded...