Health care is a major operating cost for employers in America. In 2019, employers paid, on average, about $5,000 per year for an individual and almost $15,000 to cover a family.
That was before COVID-19 hit. Employers should expect to see health care costs increase due to lower than normal utilization of preventive care and postponed elective care. Now imagine that employers have to start paying for more testing, for shots, for boosters…health care costs are becoming the great unknown.