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Employer health benefit costs projected to jump 8.2% in 2027
Marsh says the average increase would reach 11% without planned cost-cutting measures, and about two-thirds of large employers expect to shift more cost to workers via higher premium contributions.
Insurance Business reports that a Marsh survey projects employer health benefit costs will rise 8.2% per employee in 2027, the steepest increase since 2003.
The outlet adds that the survey, based on responses from more than 1,800 US employers, found employers without planned cost reduction would face an average increase of 11%.
Insurance Business also reports that about two-thirds of large employers with 500 or more employees expect to pass more of the cost to workers through higher premium contributions.
The piece says those cost shifting steps can reduce what employers absorb directly, but they do not explain the underlying drivers behind the higher renewal numbers, citing commentary from Vxtra Health CEO Larry Hightower.