Major Companies to Cut Back on 2027 Health Benefits in Blow to Workers

Major employers are cutting 2027 health benefits to curb rising healthcare expenses, leaving workers to assume higher premiums and reduced coverage. However, simply passing costs onto employees fails to fix the root issue, especially when it comes to skyrocketing prescription costs.

As pharmacy expenses continue to outpace medical trends, companies must rethink how they handle high-cost specialty drugs. Pointing toward alternative strategies, Paul Pruitt, Co-founder of SHARx, notes that employers need a new approach, “and maybe that’s ‘exiting the traditional insurance game.'”