An increased incidence of cancer diagnosis accompanied by rising cancer care costs is causing considerable concern for employers. By 2030, U.S. cancer spend is expected to rise to $246 billion, half of which will be borne by self-insured employers.
BenefitsPRO spoke with Sach Jain, Founder and CEO of Carrum Health, about a recent report outlining trends from a poll of 100 large employers across the U.S. about their top cancer care concerns. Cost was #1, given cancer accounts for nearly 16% of their health care spend and is expected to keep rising.
Benefits leaders at organizations with 5,000+ employees were surveyed about what they're doing for oncology benefits, the specific drivers of cancer care and costs, and what they're looking for from solutions. Jain shared data and insights from the report, which indicates employers are at a tipping point.
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