U.S. employees are feeling the pressure of healthcare costs, with 8 in 10 concerned about the cost of care and more than half reporting that they have skipped medical tests, office visits, or prescriptions. These findings come from the 2022 Health Care Pressures Facing U.S. Employees report, released today by Hamilton Square-based Berkley Accident and Health.
“Cost-sharing is a major problem for US employees who are struggling with increased out-of-pocket costs due to high deductibles and coinsurance,” said Brad N. Nieland, president and CEO of Berkley Accident and Health. “These costs can place the largest burden on those who are least able to pay, forcing patients to skip care, self-pay, and take on medical debt.”
Key findings of the survey:
“With these findings in mind, employers and benefit professionals should consider how they can make healthcare more affordable, easier, and more transparent for employees and their families,” explained Nieland. Employee insights such as these can be key tools for shaping a company’s approach to healthcare. Health benefits, which provide a competitive advantage when hiring, should be an integral part of any long-term recruiting and retention strategy.
In addition to insurance protection, Berkley Accident and Health also provides insights and advice for companies wanting to better support their workers. The report offered several strategies for addressing employees’ costs and concerns:
“The goal of this report is to spark dialogue between employers and their benefit brokers. We hope it encourages employers to consider innovative solutions that can move the needle on costs and ease of use,” concluded Nieland.
Read the full report here.
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