Plan sponsors face growing pressures
Due to high increases in healthcare costs and recent lawsuits directed toward employer plans, plan sponsors face growing pressure to manage their plan costs effectively. While there is a spectrum of strategies available to alleviate and manage cost pressures in today’s market, balancing the needs and expectations of the workforce with the cost of benefits will remain a critical consideration for employers throughout 2025:
Healthcare cost trends remain high, but the rate of increase is stabilizing
Unsustainable medical and pharmacy trend increases, alongside litigation, have shined a spotlight on plan sponsor fiduciary responsibilities.
Will employers look to more progressive strategies to mitigate costs?
As 2025 continues, the combination of historically high health costs and heightened transparency expectations requires proactive health plan governance. Explore key factors shaping 2025 and get more insights on the current market landscape in the Q1 2025 People Solutions Market Update. (opens a new window)
