Employers Face 10.6 Percent Health Care Cost Increases, Says Aon Consulting
12 Agosto 2008 - 2:30PM
PR Newswire (US)
Companies experiencing lowest increase since study began in 2001,
as costs continue to trend down CHICAGO, Aug. 12
/PRNewswire-FirstCall/ -- Health care costs are expected to
increase on average 10.6 percent in the next 12 months,(1)
according to Aon Consulting Worldwide, the global human capital
consulting organization of Aon Corporation (NYSE:AOC). (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Aon
Consulting surveyed more than 70 leading health care insurers,
representing more than 100 million insured individuals, and found
that health care costs are projected to increase by 10.6 percent
for HMOs, 10.5 percent for POS plans, 10.7 percent for PPOs and
10.5 percent for CDH plans. These represent the lowest trend rate
increases since the study began in 2001, and are slightly lower
than one year ago, when HMO cost increases were 10.9 percent, 10.8
percent for POS plans, 11.2 percent for PPOs and 10.7 percent for
CDH plans. (See page 3 for trend data from Aon Consulting's prior
health care surveys.) "Unlike some other healthcare trend surveys,
Aon Consulting's survey reports the expected future increase in
employer-provided health plan claims cost before any plan changes,
based on the opinions of health plan actuaries," said Bill Sharon,
senior vice president with Aon Consulting and director of the
study. "We provide this trend data to help employers evaluate the
competitiveness of health insurance premium renewals. For employers
with self-funded health plans, this trend data helps them (and
their actuaries) develop future claim estimates for budgeting
purposes." Aon Consulting's U.S. Health & Benefits practice
director, John Zern, said of the survey results: "While the medical
trend rate is still more than twice the consumer price index, it is
encouraging to see that health care cost rate increases are
continuing to slow down. This is a step in the right direction for
companies nationwide that continue to feel significant health care
price pressures." Sharon attributes the decrease in the medical
trend rate to more employers and employees taking advantage of
wellness, health promotion and consumer driven programs. "But more
must be done to truly stem the tide of rising health care costs.
This includes greater senior management support for these programs,
better employee communications and more consistent cooperation from
the medical community," he said. Prescription drug costs are
expected to increase 9.2 percent, which is slightly lower than the
9.5 percent trend rate one year ago. The specialty pharmacy trend
rate is 12.2 percent, down from 15.1 percent in spring 2007. Aon
Consulting points to the sluggish rate of drug adoption across the
board, compounded by the FDA's reduced rate of drug approvals -
especially for new molecular entities and biologic products - as
the contributing factors leading to this decline. In addition,
health care rate increases for retirees over the age of 65 are
projected to be 7.3 percent for Medicare Supplement plans and 7.7
percent for Medicare Advantage plans, down from 11.2 percent and
9.2 percent, respectively, one year ago. Note to editors: Report
available upon request. About Aon Aon Corporation (NYSE:AOC) is the
leading global provider of risk management services, insurance and
reinsurance brokerage, human capital and management consulting.
Through its 36,000 colleagues worldwide, Aon readily delivers
distinctive client value via innovative and effective risk
management and workforce productivity solutions. Our
industry-leading global resources, technical expertise and industry
knowledge are delivered locally through more than 500 offices in
more than 120 countries. Aon was named the world's "best broker" by
Euromoney magazine's 2008 Insurance Survey. Aon also was ranked by
A.M. Best as the number one global insurance brokerage in 2007
based on brokerage revenues, and voted best insurance intermediary,
best reinsurance intermediary, and best employee benefits
consulting firm in 2007 by the readers of Business Insurance. For
more information on Aon, log onto http://www.aon.com/ About Aon
Consulting Aon Consulting Worldwide (http://www.aon.com/hcc) is
among the top global human capital consulting firms, with 2007
revenues of $1.352 billion and 6,335 professionals in 117 offices
worldwide. Aon Consulting is shaping the workplace of the future
through benefits, talent management and rewards strategies and
solutions. Aon Consulting was named the best employee benefit
consulting firm by the readers of Business Insurance magazine in
2006 and 2007. (1) This survey forecasts the health care trend
rates for the 12-month rating periods beginning from April 2008 to
September 2008. Media Contact: Kelly Drinkwine Sara Carlson
312.755.3537 312.381.5045 The following table summarizes the Aon
Consulting Health Care Trends Survey results from 2002 - 2008:
Spring Spring Spring Spring Spring Spring Spring 2002 2003 2004
2005 2006 2007 2008 Medical - Actives & Retirees
Grafico Azioni AON (NYSE:AOC)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AON (NYSE:AOC)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Aon Corp. (Borsa di New York (NYSE)): 0 articoli recenti
Più Aon Corp. Articoli Notizie