Mercer – Health Trends, 2024

The rising cost of medical care is a global concern, with over half of countries expected to see double-digit rate increases in employer-sponsored health insurance over the next three years. Non-communicable diseases like cardiovascular and cancer conditions are major contributors to these rising costs. Additionally, public healthcare delivery, particularly in Europe, is becoming less attractive, leading employers to seek cost-containment mechanisms in their insurance plans. The healthcare system is also evolving as health innovations change how care is delivered. In August 2023, Mercer Marsh Benefits conducted a survey of 223 insurers in 58 countries (excluding the United States) to identify the key trends shaping employer-provided health benefits. This report provides valuable insights for employers in designing healthcare and benefits plans that cater to the specific needs of their workforce and help mitigate business risk. Insurers play a crucial role in shaping the future of employee benefits through their practices, policy language, willingness to innovate, and access to claims data. However, it is essential for employers to actively shape their benefits plans to align with their workforce's needs and to anticipate, contain, and mitigate potential business risks.