Employers’ top 3 health policy priorities

Morgan Haefner –
Monday, November 9th, 2020

The Pacific Business Group on Health, a nonprofit organization focused on moderating health care expenses, laid out 3 crucial healthcare difficulties employers face right now in a Nov. 6 article. They are:.

Healthcare is among employers chief issues heading into 2021, as medical and benefit costs continue to strain organization growth..

1. High drug costs. Companies see prescription drug expenses as among their leading concerns. Throughout a current post-election webinar survey from the PBGH, 71 percent of employers said they believed prescription drug rates reform need to be one of the federal governments priorities for 2021..

Employers continue to see surprise billing as a policy priority. While there is bipartisan support to pass legislation that would eliminate surprise billing, the technique to making this take place has actually caused a stalemate in Congress.

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As healthcare benefit expenses increase, companies are forced to reconsider their financial investments and hold down incomes. The COVID-19 pandemic has just exacerbated this problem, as newly unemployed workers lost their health insurance coverage, and lots of companies deal with increases in advantage costs for 2021.

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Companies see prescription drug costs as amongst their top issues. Companies continue to see surprise billing as a policy concern. As health care advantage expenses rise, companies are required to rethink their investments and hold down wages. The COVID-19 pandemic has just exacerbated this concern, as freshly unemployed employees lost their health insurance coverage, and numerous employers face boosts in advantage expenses for 2021.