Aon plc released its 2025 Global Medical Trend Rates Report on November 13, 2024, forecasting that the average medical trend rate for Canadian employer medical plans will increase by 7.4 percent in 2025. This represents a notable rise from the 5.0 percent reported in 2024. The report provides critical insights into the escalating costs of healthcare for employers in Canada.
The medical trend rate accounts for projected price inflation, technological advancements in medicine, plan utilization patterns, and cost shifting from social programs. This increase in medical costs presents a significant challenge for Canadian employers in managing their benefits strategies and budgets. Aon's analysis helps companies understand these dynamics to make informed decisions.
The findings underscore the ongoing demand for Aon's expertise in health and benefits consulting. Aon assists employers in navigating these rising costs by providing data-driven insights and strategies to optimize their medical plans and ensure employee wellbeing.
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