Employers expect another significant hike in healthcare costs as they look ahead to next year.

“Employers are anticipating another 7 percent increase in healthcare costs for 2024,” said Julie Stich, vice president of content for the International Foundation of Employee Benefit Plans. “Plan sponsors have indicated that chronic health conditions have a considerable effect on their medical expenses. That ties to the data that disease management and wellness programs rank high in cost-management strategies.”

The foundation’s latest survey found that the expected increase is in line with this year’s rise in costs. According to survey respondents, the top four contributors to higher costs are:

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