COVER deputy editor, Jaskeet Briah, speaks with Matthew Gregson, executive director, Howden Employee Benefits, about the changing face of employee healthcare amid rising medical inflation.
It's no secret that demand and usage of company-funded private healthcare has crept up post-Covid-19. At the same time, employers are only seeing costs go up, so while many businesses would like to expand the coverage of their plans, medical inflation is making investment more difficult for businesses. Last week, Howden Employee Benefits released its report, The changing face of employee health, in which it predicted that medical inflation would reach 7% in 2026, net of CPI, meaning total inflation will be over 10%. Looking specifically at UK-based businesses, Howden told COVER that 7...
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