December 12, 2022
As 2022 draws to a close, the team at Business Group on Health shares this recap of many of the resources and events delivered this year. We hope it serves as a reminder of the work we have done on behalf of our members and the impact we’ve had collectively across the industry.
Click on the images in this article to learn more about each resource.
As Health Care Costs Rise, Affordability is Top of Mind
Oncology care, the impact of deferred care and rising pharmaceutical costs are among many factors fueling rapidly escalating cost trends - on top of an already costly, inefficient and unsustainable health care system. Our surveys, webinars, meetings, conference, summits and numerous resources delivered insights and support to employers’ cost management and payment reform efforts. Our survey data show that employers are, for the most part, absorbing health care cost increases and deploying more robust financial well-being tools to support their workforce. However, as noted in our Trends to Watch for 2023, affordability will continue to place mounting pressures on both employees and employers in the coming year, driven by historically high inflation, the ongoing impact of the pandemic and persistent concerns regarding health care costs. This will in turn require a more aggressive reckoning of and movement towards foundational delivery reform and alternative payment models.
2023 Large Employers’ Health Care Strategy and Plan Design Survey
Findings from the 2023 Large Employers’ Health Care Strategy and Plan Design Survey function as a collective snapshot and forecast to guide employers as they determine how to maximize employee benefits and design future strategies. Employers shared that they are deeply concerned about unsustainable health care costs, the devastating impact of the pandemic on employee health, especially the long-term mental health effects, and the need to work creatively with their partners toward a more positive and sustainable health care experience. Among the more notable findings, cancer has emerged as the top driver of health care costs and a large majority of employers are considering implementing virtual primary care. As employers continued to have concerns about health equity and the affordability of health care, they will continue to invest strategically in their health and well-being offerings.
Shifting Workforce Dynamics Playing Out in Health and Well-being Offerings
We explored the ways employers are recalibrating their health and well-being efforts in support of evolving workforce priorities, and how health and well-being strategies are influenced by organizational culture and goals, the economy, the labor market, current events and global trends. Employers are adapting their strategies to meet employees’ changing needs and are increasingly recognizing the effect of health and well-being on their overall workforce strategy: 65% of employers see health and well-being playing an integral role in their workforce strategy, up from 27% just five years ago.
You can view the full Year in Review by clicking the download button below.