It’s no secret that healthcare costs are on the rise in 2023, and employers’ health plan premiums are going to bear the brunt of it.
According to HR consultant Mercer, U.S. medical plan costs per employee will rise by 5.6% in 2023, 1.2% higher than last year — and premiums will rise with it. The Kaiser Family Foundation estimates that Affordable Care Act plan premiums will see a 10% hike, a number that does not bode well for employer-provided plan premiums, which are on average 10% higher than ACA premiums.
