News Brief: U.S. Employers to Spend $1.3 Trillion on Health Benefits in 2024

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Health care spending in the United States has been trending upward for decades, and analysts at the Centers for Medicare and Medicaid Services (CMS) predict that total employer spending this year will increase by 5.8% to $1.3 trillion.

Furthermore, spending per participant will increase by 6% to $7,459. However, due to increased health care expenses and cost of living, enrollment is projected to decrease by 0.2%, down to 178 million.

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