Currently, healthcare costs in the United States are high and rising, outpacing inflation and wage increases. While many employers had relatively lower claim costs during the COVID-19 pandemic, medical plan costs are approaching pre-pandemic levels as healthcare utilization rebounds. Other factors like inflation, specialty and novel prescription drugs, new medical technology, catastrophic claims, and consolidation among hospitals and providers have contributed to healthcare cost increases.

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As talent shortages persist across industries, an increasing number of employers are grappling with the need to adapt to the “new normal” to address this challenge effectively.

HR departments are encountering a significant shift in which they find themselves dealing with an inadequate number of
candidates or insufficient resources (e.g., budget and staffing) to meet the high demand for candidates. In certain scenarios, these professionals are facing both issues at the same time.

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In today’s rapidly changing work landscape, employers play a crucial role in ensuring the health and well-being of their employees. However, access to quality healthcare and equitable benefits remains a significant challenge. Addressing health equity gaps and improving the overall employee experience requires a proactive approach.

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