Monday August 10, 2020

Employers who fund healthcare face serious challenges

Medical inflation averages six to eight per cent

29th November, 2015
Employers need to take control of their healthcare spend

It’s estimated that 50 per cent of all health insurance members are through group schemes with nearly 40 per cent of these, or 400,000 members, receiving a subsidy from their employer. With medical inflation averaging 6 to 8 per cent, employers who fund the cost of healthcare still have serious budgeting challenges.

Whether it’s fear of change or simple inertia, many employers – especially small businesses – are missing out on the latest deals and are therefore overpaying...

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