AJMC®: Based on the Business Group on Health’s 2021 Large Employers’ Health Care Strategy and Plan Design Survey, the total cost of health benefits is expected to rise 5.3% in 2021, which is slightly higher than initial projections. What contributes to this projection, and how can employers leverage this information to better enhance their health benefit design?
Kelsay: It’s been an interesting question, and that is one that we survey on every year. This year is really an interesting year for many, many reasons, but when it comes to health care costs, we really do say that they are a bit of a moving target, and it is a challenge for employers to really put their finger on exactly what they predict their cost to look like for the coming year and that’s for a number of reasons.
It is because that in this past year, largely