M3 has released the M3 2017 Health Care Trend Report. This is an annual publication highlighting the position of health insurance costs and plan designs throughout the state of Wisconsin. The report contains data collected from M3 clients across a variety of industries, sectors, sizes and markets.
The information within the report provides private and public sector organizations with a benchmark to compare their own employee benefit plan types, costs, deductibles, co-payments, and more, with the rest of the state. The report includes insight as to how employers are using benefit plan design to keep costs down, as well as how different size employers are proceeding through the current marketplace.
According to this year’s report, health plan premiums experienced a 7.7% growth change over the last year. This is the highest rate of change since 2011.
If you’d like to have a discussion on specific report findings in relation to your organization, contact your M3 Account Executive. Hard copies of the report are available upon request.
M3 Insurance offers insight, advice and strategies to help clients manage risk, purchase insurance and provide employee benefits. We are committed to being experts in both the products we represent and the industries we serve. Our people advance M3’s competitive advantage in the marketplace, and our focus on community builds better places to live and work. M3 is consistently ranked a top 100 broker in America.