Willis Towers Watson
-
Survey: Competition for Talent Is the Top Factor Influencing Employers’ Benefits Strategy
When asked what the key issues influencing benefits strategy are, 80% of employers said competition for talent, 67% said rising costs, 41% said a focus on inclusion and diversity and 39% said increasing mental health problems, according to a recent Willis Towers Watson survey.
-
7 Things Employers Should Know About the End of the Covid-19 Public Health Emergency
The Covid-19 public health emergency ended May 11, which will affect employer-sponsored insurance in several ways, said Jeff Levin-Scherz, population health leader of Willis Towers Watson. This includes the coverage Covid-19 tests and vaccines.
-
Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
-
Should Employers and Insurers Cover Psychedelic-Assisted Therapy?
Despite ketamine-assisted therapy being approved for treating several mental health conditions, it’s generally not covered by insurance or employers. Though that likely won’t always be the case, as psychedelics gather more research and employers notice the benefits for their workplaces.
-
Report: 88% Of Employers Are Planning Changes to Health Vendor Partnerships
Employers are most interested in switching up their vendor partners for wellbeing programs, the Willis Towers Watson survey found. About 55% of respondents said they will make changes to their wellbeing vendor partners in 2023 or 2024, while 12% already did in 2022.
-
How Employers’ Investment in Health Benefits Has Transformed Over Time
Point solutions for areas like behavioral health, family planning and more have risen in popularity in recent years, experts said. But as employers deal with point solution fatigue, healthcare navigation companies are proving beneficial.
-
Which Digital Health Startups Are Most & Least Suited to Raise Capital in 2023?
Last year’s digital health investment trends have left some startups feeling uneasy about their ability to raise capital in the new funding environment. Venture capitalists think companies that have a demonstrable return on investment and serve multiple stakeholders will probably have the easiest time securing capital, while point solutions and startups in crowded markets will face a tougher environment.
-
Health Vendors Will Face More Pressure To Prove Medical Cost Reduction in 2023, Experts Say
As a possible recession looms, the unemployment rate will likely rise, meaning employers won’t have to work as hard to find workers. Therefore, they’ll likely be cutting down on the digital health companies they work with, and tech vendors will really have to prove their worth in reducing costs, one expert says.
-
Report: Insurers from 55 countries expect healthcare benefit costs to jump 10% in 2023
The 10% increase is the largest in almost 15 years, the Willis Towers Watson survey found. Most of the insurers, or 75%, blamed the overuse of care for the rise in medical costs.
-
Report: Employers are searching for alternative retiree healthcare benefit options
Almost 40% of employers made changes to their retiree healthcare benefits in the last three years, while another 63% plan to in the next three three years, the Willis Towers Watson survey found. Some are looking to replace their traditional group plan offerings with individual insurance through a private marketplace.
-
Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
-
Survey: 67% of employers to prioritize controlling healthcare costs over next 3 years
Employers expect healthcare costs to increase 6% next year, up from the 5% increase they are experiencing this year. Respondents don’t see this improving down the road either, with 71% saying they anticipate moderate to significant increases over the next three years.
-
Survey: Employers are most concerned about employees’ access to mental health services, substance abuse treatment
A Willis Towers Watson survey found that among 255 employers, 54 percent are concerned about employees having inadequate access to mental health services and 47 percent are worried about employees receiving insufficient access to substance abuse treatment.
-
Aon potentially looking to acquire Willis Tower Watson to create world’s largest brokerage company
If the transaction goes through the deal would rank as the largest merger in insurance brokerage history, combining Aon, the world’s second biggest brokerage, with Willis Towers Watson, which ranks third.