Many Large Employers Want Government to Help Control Health Care Costs

The majority of large private employers say that health benefit costs are excessive and a greater government role in providing health care coverage and containing costs would benefit their business and employees, according to a recent survey by the Purchaser Business Group on Health and the Kaiser Family Foundation. Based on the responses from key decision-makers at 302 large private employers with at least 5,000 employees, the survey found that 87% of respondents believed the cost of providing health benefits will become unsustainable in the next five to 10 years. Meanwhile, the majority of respondents said they were likely to implement cost-control practices, such as value-based benefit designs and use of an individual coverage health reimbursement arrangement (ICHRA).

SOURCE: “How Corporate Executives View Rising Health Care Cost and the Role of Government,” Kaiser Family Foundation. Visit https://bit.ly/3eD1nlL.

Jinghong Chen

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

Related Posts

genes
September 15

Holistic Approach to Prior Authorization for Genetic Testing Is Key in Making Sure People Get Right Tests, Best Care in Timely Manner

Read More
tubes
September 15

Payers Report Cost Savings From Shifting to Biosimilars

Read More
court-hummer
September 15

New Suit Claims Copay Accumulators Violate ACA, but Will Judge Agree?

Read More

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today