Rising health care costs are an omnipresent headache for employers across the nation. According to a recent survey, the average health care expenditure per worker surged to approximately $17,200 in 2023. Furthermore, projections from WTW's Global Medical Trends Survey indicate an anticipated 8.9% increase in medical benefits costs for 2024.

Employers are also grappling with labor shortages, burnout, and the pressure to stay compliant with federal laws like the Consolidated Appropriation Act. They need to find a way to slash health care costs while still offering attractive benefits that make their employees feel valued.

Once billed as a panacea, high-deductible health plans (HDHPs) cut down on premiums but also saddled employees with hefty out-of-pocket expenses, potentially deterring them from seeking essential medical care. Now, employers are on the hunt for better options — and innovative companies are moving to value-based primary care models that not only save money, but prioritize their employees' well-being and recognize their health as a valuable investment.

The value-based alternative

Nearly a third of Americans lack access to primary care, missing out on vital routine checkups, while a staggering 40% forgo or delay care due to financial constraints. Incorporating value-based primary care into benefits packages acts as a potent catalyst, not only for bolstering employee satisfaction and retention, but also for elevating care standards on a wide scale, impacting millions positively. Moreover, employers stand to reap significant savings by transitioning to a value-based primary care model.