Source: Towers Watson, 2010
From the press release:
With health care costs continuing to climb, the effects of the current economic crisis yet to be shaken off and health reform discussions still under way, employers find themselves at a crossroads. A Towers Watson survey recently found that, amid these challenges, employers have never been more interested in workforce health and well-being.
According to the survey — which profiles 552 of the nation’s largest employers, representing over $57 billion in annual spend on medical and dental benefits to approximately 10.3 million employees, retirees and dependents — average health care costs will increase 7% in 2010. This marks the sixth consecutive year of single-digit cost increases, in contrast to the double-digit trends seen in the first four years of the new millennium. However, it is important to note that average health care cost increases have outpaced the CPI for over a decade and will continue to do so in 2010.
In flat dollar terms, gross health care expenditures will rise by an average of $636 per employee in 2010, pushing the average total cost above $10,000 for the first time in history.