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The cost of employee healthcare benefits around the globe is trending higher, driven largely by the higher cost of hospital and inpatient services, medical technology, and the overuse of services, according to a survey of medical insurers by Willis Towers Watson, a global advisory, broking, and solutions company. The Willis Towers Watson Global Medical Trends […]
As healthcare costs continue to rise, financial pressure does, too. Your employees are feeling it, especially if you’ve had to shift an increasing share of healthcare costs to them. Higher copays and coinsurance may help control premiums, but they do nothing to rein in employee out-of-pocket costs. To the contrary, in fact.
Every employer is concerned about health care. If you’re looking to reduce the costs associated with these benefits, turn to your wellness programs, says Mari Ryan, CEO and founder of AdvancingWellness in Watertown, Massachusetts.