163 words…less than a minute read

One big thing: Aon published its 2024 Global Medical Trend Rates Report, outlining its expectation that the global average medical trend rate for 2024 will be 10.1 percent, up from 9.2 percent in 2023 and the highest since 2015.

• The top medical conditions driving medical plan costs globally are consistent with 2023 and include cancer/tumor growth, cardiovascular and high blood pressure/hypertension.
• Rui Silva, vice president of Health Solutions for multinationals at Aon, said, “We have been in a period of remarkable inflationary conditions and economic volatility. The series of shocks affecting economies around the world after the COVID-19 pandemic continue to create an unstable environment for the healthcare market, despite continued signs of improvement. Volatile conditions will persist. Despite uncertainty on how long global inflationary pressures will last, it is clear from the locations surveyed that the medical trend rate will see a sharp rise in 2024 among employer-sponsored medical plans.”
• Read more in Aon’s press release and in an article in Healthcare Asia.