Health Costs Jumping 18% For Small And Medium-Sized Businesses
Small and medium-sized businesses are facing an 18% increase in healthcare costs, significantly higher than larger corporations. This rise is attributed to inflation and escalating medical expenses, disproportionately affecting smaller employers who have fewer employees to spread costs across. Many smaller businesses report that these rising costs are negatively impacting their operations, with a notable interest in digital and artificial intelligence tools to simplify health plan selection and reduce reliance on external experts. AI
IMPACT Businesses are exploring AI tools to manage rising healthcare costs and simplify plan selection.