Posted on July 19, 2010 05:38
Categories: Prevention and Wellness | Employer and Individual Insurance | Prevention and Wellness
Topics: COBRA | Cost-effectiveness | Employer-Sponsored Coverage | Individual Coverage | Prescription Drugs | Prevention | Quality | Spending
A survey conducted by PricewaterhouseCoopers LLP (PWC) found that 41 percent of employers plan to increase cost-sharing for their employees’ health plans, including increasing deductibles and copayments. The survey found that only 26 percent of employers plan to increase cost-sharing for prescription drugs, which PWC attributes to the increased use of generics. In addition, the average reported increase in medical plan costs for 2010 was 7.6 percent, up from 7.4 percent in 2009. PWC projects that employers’ medical costs will increase 9 percent in 2011, 0.5 percent less than the increase in medical costs that PWC projected for 2010.
From the report:
About the survey
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The survey was completed in the first quarter of 2010.
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The survey data contains detailed benefits information provided by approximately 700 participating companies in 30 different industries across the nation.
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The 2010 survey provides summary data on medical and prescription drug plan design, costs, COBRA rates, wellness and disease management programs, work-life programs, future healthcare strategies, and retirement benefits.
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Customized reports including benchmark results by company size, industry and location are available upon request.
Full report: PwC's 2010 Health and Well-Being Touchstone Survey (PDF | 300 KB)
PriceWaterhouseCoopers. (2010). Health and well-being touchstone survey: executive summary.
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