RISING HEALTHCARE COSTS
Healthcare costs continue to climb year after year, placing a growing burden on employers and employees alike. Premiums, deductibles, and out-of-pocket expenses are increasing at a pace that outstrips wage growth, leaving businesses struggling to manage budgets and employees feeling the strain. Without a strategic approach, these rising costs can erode both financial stability and workforce well-being.
Healthcare costs continue to rise faster than wage growth, creating a major challenge for employers. With insurance expenses climbing faster than salaries, businesses are under increasing pressure to balance affordability with quality benefits. This widening gap often forces tough decisions around premiums, deductibles, and overall plan design.
WHAT WE ARE TOLD THE PROBLEMS ARE ...
- Growing Population
- Aging Populations (Seniors)
- New, Expensive Medical Technology
- New, Expensive Drug Therapies
- Increase in Chronic Costly Diseases
NET PROFITS FROM TOP 5 PHARMACEUTICAL COMPANIES
The net profits are 90.5 billion with an expected increase to over 1 trillion for 2025.
NET PROFITS FROM TOP 5 INSURANCE COMPANIES
- Top 5 Insurance Carriers made net profits of 40.4 billion in 2022.
- Estimates show their profits to increase 10% to over 44 billion in 2023.
NET PROFITS FROM TOP 5 HOSPITAL COMPANIES
- Top 5 hospital companies made net profits equaling $10.942 billion.
- If they are making this much profit, why are you getting a 5-8% increase that goes to the bottom-line of your premiums?.