Employers Will Need to Respond Carefully Amid Roller Coaster of Health Costs During COVID-19
09/29/2020
Employers will likely see drops in year-over-year medical costs in 2020 after large numbers of employees deferred healthcare services due to the COVID-19 pandemic, according to a FierceHealthcare report.
Despite the significant drop in the use of healthcare services in 2020, employer healthcare benefit costs are expected to bounce back up beyond non-pandemic projections as utilization increases again in 2021, a new analysis from Willis Towers Watson shows.