Health Care Costs for Workers Begin to Climb

The article highlights the rising healthcare costs for workers in the United States. According to a recent survey, employers anticipate a significant increase in benefit costs for the upcoming year, and many will likely shift a larger portion of these expenses onto their employees. The survey findings indicate that employers expect their healthcare benefit costs to rise by an average of 5.6% in 2023, up from a 4.4% increase this year. To offset these rising costs, employers are considering various strategies, including increasing employees' share of premiums, deductibles, and out-of-pocket maximums. The article suggests that this trend could lead to workers facing higher healthcare expenses, potentially straining their financial well-being. The survey results underscore the ongoing challenge of maintaining affordable and accessible healthcare coverage for both employers and employees in the United States.