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Employers have been put on notice. Health care costs are expected to climb considerably in 2025. Experts predict a 9% increase in employer health plan expenses, up from last year’s 6% hike. While rising costs are concerning, there’s good news -- 84% of employers’ health plan spend is tied to areas can be managed strategically to reduce costs without compromising care.
So, how can employers balance rising expenses with providing competitive benefits? The answer is simple: focus on what you can control. Rather than stressing over external factors like inflation and regulatory changes, employers should concentrate on controllable cost drivers that directly impact their bottom line.
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