Employers work to curb rising health costs

Employers work to curb rising health costs

MADISON, Wis. - Employers are still facing sizable healthcare cost increases, but a new report from M3 Insurance finds many are beginning to slow the pace by taking a more active, data-driven approach to benefits.

Bank of America CEO: Ozempic and Wegovy Raise Health Costs 15%

Bank of America CEO Brian Moynihan recently highlighted the substantial financial impact that GLP-1 medications are having on the company’s health care costs. In comments reported by CNBC, Moynihan explained that these drugs, primarily used for treating type 2 diabetes and obesity, have driven up the bank’s overall medical expenses by roughly 15 percent in recent quarters. The revelation underscores a broader trend affecting major employers acro…

Rising Health Insurance Costs: Family Employer-Sponsored Insurance (ESI) Premiums Grow at Over Twice the Rate Seen Last Year

Rising Health Insurance Costs: Family Employer-Sponsored Insurance (ESI) Premiums Grow at Over Twice the Rate Seen Last Year As the name suggests, employer-sponsored insurance (ESI) is health insurance coverage offered by employers to eligible employees, with coverage options for employee spouses and families. ESI has traditionally been the predominant form of health insurance coverage in the U.S., with a majority of the non-elderly population—6…