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Health-Care Costs Surge as Employers Brace for Biggest Coverage Hike in 15 Years
['Business Times']
Business Times : Top News
Health-Care Costs Surge as Employers Brace for Biggest Coverage Hike in 15 Years (Photo: Pixabay)U.S. health-care costs are poised for their sharpest increase in more than a decade, with medical inflation driving up prices for patients, employers and insurers ahead of 2026.
Medical care costs rose 4.2% in August, outpacing the overall inflation rate of 2.9%, according to the Labor Department's Consumer Price Index.
Employers surveyed by BGH project a 12% increase in pharmacy costs next year, following an 11% increase this year.
"Cancers have been for the fourth year in a row, the top condition driving healthcare costs - cancers at younger ages, later stage diagnoses," said Ellen Kelsay, BGH president and CEO.
Nearly two-thirds of large employers offer access to GLP-1s, compared with less than half of small employers, according to Mercer.
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