Employers prepare for higher healthcare costs in 2024.
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Health care costs are going up a lot next year, the most in 10 years. A group that helps companies with health care is telling them what to expect.
The group's leader, Ellen Kelsay, says companies will be careful about what care they will pay for. They will also try to manage expensive treatments for obesity and diabetes.
Companies will look for high-quality doctors and hospitals and encourage their workers to use them. This means they might offer networks with fewer but better providers.
Kelsay says it's important for companies to care for their workers' well-being. Employees who are struggling with problems can't focus on work and won't be as productive.
When it comes to new weight loss drugs, companies will be careful about who gets them. They want to make sure the drugs are given to the right people and used as part of a bigger plan.
Questions
Why are health care costs going up?
Health care costs are going up a lot next year, the most in 10 years.
What will companies do to manage health care costs?
Companies will be careful about what care they will pay for and try to manage expensive treatments for obesity and diabetes.
Why is it important for companies to care for their workers' well-being?
It's important because employees who are struggling with problems can't focus on work and won't be as productive.
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