USI's 2023 Employee Benefits Market Outlook
Even as most COVID-19 restrictions have been lifted and much of the U.S. has returned to business as usual, employers are still dealing with challenges the pandemic set into motion.
Employers are spending more on compensation and benefits to keep workers on the payroll. Meanwhile, benefits spending continues to be impacted by increasing healthcare costs — driven by staffing challenges, higher costs of medical commodities, and expanding use of high-price gene and cell therapies. U.S. businesses also spent much of 2022 battling high inflation, increasing interest rates and growing recession concerns.
To grow and thrive, businesses will have tough choices to make, and more than ever will need expert guidance to navigate these challenges. USI Insurance Services’ 2023 Employee Benefits Market Outlook provides insight and actionable solutions employers can use to reduce the impact of top cost-driving issues.