Global Employers Invest Heavily in Preventive Healthcare to Combat Rising Medical Costs

Overview

A new report by Howden Employee Benefits reveals that 67% of global employers are increasing spending on preventive healthcare and wellbeing initiatives. This strategic shift is driven by widespread expectations of rising medical inflation, with 93% of employers anticipating higher healthcare costs. The trend is also influenced by employees valuing strong health benefits for retention and job evaluation. Global medical inflation is projected to hit 7% by 2026, prompting businesses to actively manage costs, with many considering or already switching insurance providers.