News Brief: Report: Employers Focusing on Plan Redesign to Reduce Health Care Costs

According to the survey, more than half (51%) of U.S. employers expect to redesign health care plans to lower costs. They will likely focus on adopting new plan designs and implementing network strategies that direct employees toward more affordable, high-quality providers and care facilities.

The report said U.S. health care costs have reached record highs since the COVID-19 pandemic, with nearly half of employers expecting costs to exceed budget projections this year.

Employers predict health care costs to rise by 7.7% in 2025, upfrom 6.9% in 2024 and 6.5% in 2023.

– WTWโ€™s 2024 Best Practices in Healthcare Survey

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Cash Centric Health Plans are Here!

It is time to end the โ€œsame old” health plans that always renew, pay anย  increase, and repeat every year.ย