In the Oct. 7 brief provided to Becker’s, Fitch analysts found that rising claims costs from providers will lead to higher premiums in 2023 — likely boosting payer revenues and total earnings.
Despite this, the credit rating firm warned of the impact of the Medicaid redetermination process looming next year and the potential for commercial enrollment decreases during a recession — thereby possibly limiting inflation gains.
Studies have already confirmed employers are preparing for higher healthcare expenditures next year because of inflation. Financial services firm Aon found U.S. employers’ healthcare costs are expected to rise by an average of 6.5 percent, or $13,800 per employee, in 2023.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.