Tuesday, June 18, 2024

Why Capping Retiree Healh Care Coverage Doesn't Match Economic Reality...


🚫 Key health plan cost trend findings for 2023/2024

             [2023 Segal Health Plan Cost Trend Survey]

  • The projected annual cost trend for outpatient prescription drugs is expected to be approaching double-digit levels, the highest rate observed since 2015.
  • Double-digit specialty Rx cost trend, mostly driven by price increases and new-to-market specialty drugs, continues to be a major driver of Rx cost trends.
  • Survey respondents project per-person cost trends for open-access PPO/POS plans to be up 7.4 percent.
  • Provider price increases are still the primary driver for hospital, physician and Rx trends.


✅ Definition:  To short-change.

👉 To treat someone unfairly by giving them less than they deserve;

👉 To give someone back less money than they are owed when they are buying something from you.
😎 While it appears that SECU retirees are being kicked to the curb...
... remember all current employees - especially those approaching retirement - will also get the shaft receive this same benefit cap!