Nearly all employers (94%) are committed to offering and financially supporting health benefit coverage for their workforce in the foreseeable future.
The commitment is there but what about the solution? The average cost of health coverage per employee crossed the $10,000 mark for the first time in 2012*. The cost of health care is projected to increase at an average rate of 7% to 10% in 2012. Meanwhile, salaries are expected to increase about 3% on average. This tenuous dynamic, coupled with the fact that many employees are becoming more educated and better stewards of their own health care choices, makes now the ideal time to explore other health care coverage options, including Exchanges.
To better understand employer views on health care exchanges, Aon Hewitt surveyed 562 organizations nationwide.
*Data is derived from the Aon Hewitt Health Value Initiative database, which captures health care cost and benefit data for large U.S. employers representing 13.1 million participants, 1,300 plans and $51.4 billion in 2011 health care spending.