The words "Commercial business" represent the array of health plans that our affiliated health plans offer. Commercial health plans serve a range of customers — from individuals buying subsidized insurance on Affordable Care Act marketplaces to large, multinational, self-insured employers, and everything in between.
Employers have a long history as the dominant purchaser of health insurance in the U.S, covering about half of all Americans.1 Generous healthcare coverage is a sought-after benefit for employees — and a differentiator that most employers want to provide as part of their strategy to attract and retain top talent.
At the same time, the cost of healthcare continues to rise, and employees are interested in broad access to care providers, as well as innovative offerings to meet their changing needs. The average cost that U.S. employers pay for their employees' healthcare is expected to rise by 6.5% in 2023 to $13,800 per employee,2 putting pressure on companies that are working to balance their financial reality with their employees' expectations.
The good news: It's possible to offer quality, affordable healthcare that meets the needs of employers and their employees. Rewarding value over volume and designing networks that offer choice will position our healthcare system to deliver coverage that leads to better outcomes at lower costs.