Employers grapple with rising health care costs and fiduciary concerns

Cost containment concept

Being an employer in 2025 is not for the faint of heart. Striking the right balance in providing competitive benefits that support and engage the workforce while navigating an environment of growing fiduciary risk and cost containment pressures is a major challenge.

“Most employers are at an intersection of a rapidly evolving economic, legislative and political landscape, and health care is a key component of this,” said Doug Hammond, CEO of the benefits consultant NFP. “As employers strive to ensure their employees have access to quality health care, they also appreciate the importance of minimizing the costs passed on to their workforce. This requires employers to be proactive and innovative in their approach.”