In recent years, family health insurance premiums have surged, outpacing inflation, to over $25,000 in 2024. Rising prescription drug prices and the high costs of treating chronic diseases such as cancer, heart disease, and diabetes drive this sharp increase. With medical plan costs projected to rise by 8% in 2025, significantly higher than the expected inflation rate, employers are exploring various actions to address these mounting financial pressures.
Read on to discover four key issues contributing to rising healthcare costs and innovative solutions that benefit both employers and employees.