Employer Healthcare Costs Will Increase 5% in 2022 as the COVID-19 Pandemic Continues

A recent report released by Willis Towers Watson notes an expected 5% increase in healthcare costs in 2022. Premiums and employer premium contributions will rise, as will the costs of healthcare services.

“Medical and pharmacy benefit costs are expected to increase by 5.2% next year, the report found, a slight decline from the 5.5% increase projected in 2021 but significantly higher than the 2.1% increase felt in 2020 as many people deferred healthcare services during the pandemic.” Read more here.

(Source: Paige Minemyer, Fierce Healthcare, 10/6/21)