Challenges Professional Services Firms Face with Rising Employee Healthcare Costs
In an interview with The American Lawyer, Jeff Smith discusses how employers are planning for their health care budgets as COVID-19 continues to create uncertainty for employees. Jeff advises that while there is evidence that costs won’t increase dramatically, the Delta variant may continue to make employees more cautious. He added: “I have not heard of an employer who had a mid-year renewal, or one last year for this year, complaining about their medical costs more than they normally do. So, it may still be a retraction of normal claims and COVID claims filling in. But then again, those high COVID claims–they’re notable, but they’re not that frequent.”
To read the article visit The American Lawyer (subscription required).
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