Healthcare Costs Expected to Rise for Employers and Workers in 2027

Tim Wyman, president of the Wyman Group, stated that employer health care costs are increasing due to expensive prescription drugs and complex cancer treatments. Wyman noted that national figures suggest employer costs could rise around 9% next year, while some employer groups have already seen increases of 15% to 25% this year.

Employers are currently evaluating how much of the increased healthcare costs they can absorb versus how much they must pass on to employees. This cost pressure may affect workers' premiums and the overall value of their health coverage.