As healthcare costs continue to soar, medical industry analysts now predict that health plan expenses will rise by at least 5.8% in 2025.
“It might only increase by 6% for larger companies, but I’m seeing jumps of 10%, 20%, and even 30%,” said Dr. Bill Hennessey, CIO of Care Guide Advocates, a company that helps Americans navigate escalating medical costs.
Adding to the burden, many companies plan to pass these rising premiums onto their employees, just after the holiday season. “It’s unsustainable,” Dr. Hennessey told KTRH. “Every Christmas, you get a demotion—your health insurance goes up more than the raise you didn’t get. The financial misalignment between brokers and carriers is a major issue.”
And the problem keeps worsening. “No one can handle a premium hike,” Hennessey pointed out. “For those with a carrier plan, the average family of four faces a $6,000 deductible. That’s a huge profit stream, and 80% of us never meet our deductible.”
However, there may be a solution. Dr. Hennessey highlighted the availability of healthcare ‘bundles’ that include services like telehealth and blood work for around $50 to $70 a month, offering a more affordable way to access care.
