Largest U.S. Employers Project Health Benefit Cost Increases to ‘Hold Steady’ in 2017

U.S. Employers Project Health Benefit Cost Increases to 'Hold Steady' in 2017Notwithstanding what some call skyrocketing specialty pharmacy costs, overall health care benefit cost increases at large U.S. employers are expected to hold steady at 6% again in 2017.

That’s the key finding from an survey by the National Business Group on Health, a non-profit association of 425 large employers.

The Large Employers’ 2017 Health Plan Design Survey, the industry’s first look at health benefit costs and plan design changes for 2017, also revealed that employees will not see major increases to their costs during this year’s open enrollment season.

“Controlling health benefits costs remains a high priority for large employers,” said Brian Marcotte, president and CEO of the National Business Group on Health. “While employers have been able to keep increases in check for the past few years, costs are still running at more than twice the rate of inflation and general wage increases, thereby threatening affordability. These cost increases, while stable, are both unsustainable and unacceptable.”

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