🧵 1. US employers brace for biggest healthcare cost jump in a decade in 2024; projected increase of 5.4% to 8.5% due to medical inflation and high-priced gene therapies. #business
🧵 1. US employers brace for biggest healthcare cost jump in a decade in 2024; projected increase of 5.4% to 8.5% due to medical inflation and high-priced gene therapies. #business
🧵 2. Good news for workers: two-thirds of employers won't pass on the expected cost rise or will share less burden, says survey by Mercer.
🧵 3. Inflation and rising demand for weight-loss drugs contribute to the 8.5% cost increase projected for next year, with 1 percentage point alone from weight-loss drugs.
🧵 4. Gene therapies costing over $1 million pose a significant financial risk for employers, with half a dozen approved in the US last year.
🧵 5. To combat the rising costs, employers plan to leverage AI technology to reduce administrative expenses.
🧵 Read more at: https://www.investing.com/news/stock-market-news/us-employers-to-see-biggest-healthcare-cost-jump-in-a-decade-in-2024-3178777
I don't know why hehealhealhealth care is so expensive in the US.