Canadian Employer Medical Costs to Spike 7.4 Percent in 2025: Aon Report [Globe and Mail, The (Toronto, Canada)]
Aon plc Class A Ordinary Shares (Ireland) (AON)
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am
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Source: Globe and Mail, The
Report . In Canada , the report forecasted the average medical trend rate for 2025 to be 7.4 percent, up from 5.0 percent in 2024. The medical trend rate represents the percentage increases in medical plan unit costs – insured and self-insured – required to address projected price inflation, technology advances in the medical field, plan utilization patterns and cost shifting from social programs. "In 2025, we anticipate a return to more typical inflationary conditions, with the Bank of Canada projecting that inflation will be well under control," said Joey Raheb , senior vice president and Canadian national leader for growth and client engagement for Health Solutions at Aon. "However, our concerns are now shifting towards continued economic slowdowns, which will undoubtedly influence plan sponsor decisions. While we have yet to witness a full-scale pullback on spending, employers are exercising caution and continuously reviewing their plans for efficiency in delivery and optimal
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AON
Earnings
- 10/25/24 - Beat
AON
Sec Filings
- 12/2/24 - Form 4
- 11/29/24 - Form 4
- 11/27/24 - Form 144
- AON's page on the SEC website