The professional services firm used data from 950 U.S. employers representing around 6.7 million employees to make its estimates.
Here are five trends to note:
- Healthcare costs per employee are projected to surpass $16,000 per employee in 2025. In 2024, employers budgeted an average of $14,823 per employee for healthcare costs.
- Rising employment levels and inflation are pushing medical costs higher, Debbie Ashford, North American chief actuary for health solutions at Aon, said in an Aug. 15 news release.
- In addition to medical costs, prescription drug costs are also on the rise. Additional demand for GLP-1 drugs, which can cost more than $1,000 a month, are expected to account for 1% of the 9% increase in costs in 2025.
- Healthcare costs for employers increased by 6.4% from 2023 to 2024, according to Aon. Employees contribute $4,858 to their health plans on average in 2024, a 2.9% increase from 2032.
- Increases between 2023 and 2024 varied by industry. Technology and communications had the overall highest increase, with plan costs rising 7% on average. Retail had the lowest increase, with plan costs rising 1.9%.
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