Survey: Global healthcare benefit costs continue to rise

health benefitsEmployee healthcare benefits costs are going up, thanks primarily to the higher cost of hospital/inpatient services, medical technology and the overuse of services, according to a new survey of medical insurers.
Willis Towers Watson’s 2016 Global Medical Trends Survey found that medical insurers project the healthcare benefits costs to rise by 9.1% this year, an increase from 8.0% in 2015 and 7.5% in 2014.
Insurers in the Americas (not including the U.S.) and Middle East/Africa regions are projecting double-digit average increases for the third straight year. The European region continues to show the lowest level of increase and other Willis Towers Watson research shows U.S. employers are experiencing healthcare benefit cost increases averaging several percentage points lower than those in other countries.