Group Health, Inc
Rising medical costs are alive and well in the employer sponsored insurance
market.
According to the Medical Cost Trend report employers and insurers are
expecting a 6 percent increase in healthcare costs in 2019.
In most cases part of those costs are passed on to employees.
Health care cost increases are not sustainable.
The economy, wages and the Consumer Price Index are not growing at the same
rate as health care costs.
Health care accounts for 12 percent of wages. This is double what it was 30
years ago.
There are three dominant trends that are fueling rising costs.