Fueled by chronic health conditions, catastrophic health claims and rising prescription drug prices, health care costs will experience a sizable hike next year, employers say. U.S. corporate employers project a median health care cost increase of 7 percent for 2024, according to new data from the International Foundation of Employee Benefit Plans (IFEBP), a nonpartisan group with more than 31,000 members. It's the second year in a row that employers have projected a 7 percent hike.
Employers Anticipate 7% Rise in Health Care Costs for 2024
SHRM | Aug 2023
Aon Report: Big Increase Projected for 2024 Employer Health Costs
SHRM | Aug 2023
Health-Insurance Costs Are Taking Biggest Jumps in Years
Wall Street Journal | Sep 2023
Nearly Double-Digit Increases Projected for 2024 Health Care Costs
NAPA | Aug 2023
PwC: Health Plans Expect 7-Percent Increase in Costs in 2024
Healthcare Innovation | Jul 2023
Research Summaries
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U.S. Employer Health Care Costs Projected To Increase 8.5 Percent Next Year
Aon | Aug 2023
National Health Expenditure Projections 2022-2031
CMS
Health Care Costs Report 2024
International Foundation of Employee Benefit Plans
Health benefit cost expected to rise 5.4% in 2024
Mercer | Sep 2024
Medical cost trend: Behind the numbers 2024
PwC
Related Reading
Various Health Care Costs Surveys and Articles
Kaiser Family Foundation
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