Pulse of the Purchaser study also finds employers increasingly supportive of policy reforms to improve transparency and fair pricing WASHINGTON , Oct. 29, 2024 /PRNewswire/ -- While premiums for employer-sponsored health insurance continue to rise each year, employers engaged in innovative strategies such as value-based drug formularies and tiered provider networks based on price and quality experienced lower than average healthcare costs. These are among the findings of the latest survey of 188 employers conducted by the National Alliance of Healthcare Purchaser Coalitions (National Alliance) and its member coalitions.
The Pulse of the Purchaser study gauged concerns and approaches of employers to address the workforce environment; women's health; obesity management; mental health; equity; pharmaceutical drug and hospital prices; high-cost claims; fiduciary strategies; and potential health reforms. "The unending cycle of year-over-year cost increases for employers and employees and their families has long exceeded sustainability and adds real stress to the economy," said Shawn Gremminger , National Alliance president and CEO. "These uncontrolled costs directly lead to smaller raises, lost jobs, and the inability of working families to afford care, and is perhaps the primary driver of health inequity.
And for employers, it's no longer just about cost control. It's about survival." Among the strategies that are correlated to lower costs: Employers that use a value-based formul.
