×

How to Comment:

Tap the quote mark to comment on articles.

Mercer

Some of the world’s most notable businesspeople -- CEOs from Barclays, eBay, Cisco, Marriott, UBS, and Mercer -- gathered Wednesday in a powerful kick-off breakfast at the World Economic Forum Annual Meeting in Davos, Switzerland, delivering a strong message about one of the greatest opportunities for global economic development and corporate growth: Women. The event -- “The Role of Men: Leading the Charge Together,” hosted by Mercer’s When Women Thrive global initiative for action -- was designed to focus on men's roles in increasing gender diversity in the workplace.

 

 

Helpful
Not Helpful
Expand Story

In a review of claims data for almost 100 Mercer employer clients, representing approximately 2.5 million members, we found that the Mental Health and Substance Abuse per member per year cost trend (for allowed charges) rose nearly 11%, in stark contrast to overall medical PMPY trend of 3.5%. And while MH/SA claims represent a small percentage of the overall medical claim costs (4%), a spike in the cost may be a symptom of a larger issue – and an opportunity for employers to get out in front. What’s driving this trend?

 

Helpful
Not Helpful
Expand Story

Recent findings from Mercer’s US book-of-business health benefits database — Mercer FOCUS — show that nearly 70% of employers’ total combined medical and pharmacy cost trend of 3.1% was attributable to both specialty and non-specialty pharmacy increases. In fact, even for employers with negative combined medical and pharmacy claims cost trend, this pharmacy trend is nearly 8%. Mercer FOCUS data shows that employers materially offset this rising pharmacy trend with very moderated cost and utilization increases in every other service category.

Helpful
Not Helpful
Expand Story