Health

Health Care Costs Projected to Rise 10% in 2026

Health care costs are predicted to rise 9.6% in the U.S. in 2026, according to WTW’s “2026 Global Medical Trends” report. While next year’s increase will be slightly less than the 9.7% rise in health care costs experienced this year, it will be significantly higher than the 7.6% increase in 2024. Globally, costs are predicted…

From the Front Lines: Health Care

“The out‑of‑pocket maximums keep climbing, and the cost follows in lockstep,” said independent agent Matt Brown. “Even with a large population receiving tax credits on the individual market, the remaining premiums remain a burden for most.”

Why Health Care Premiums Continue to Rise

Prescription drugs play a significant role in increasing health care costs, with Americans spending approximately $98 billion out of pocket on prescription drugs, a 25% increase over the past five years.