Large employers saw just a 1.9% increase in health care costs in 2020–the lowest increase in more than 20 years. (Image: Shutterstock)
Increasing health care costs has been an accepted fact of life for many employers. But while 2020 saw a surge in pandemic-related health care utilization, the decrease in utilization of care and deferral of elective procedures actually benefitted employers' bottom lines. According to Mercer, large employers saw just a 1.9% increase in costs in 2020–the lowest increase in more than 20 years.
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
