Employer coverage

Cancer costs wallop employers

Cancer is the main source of catastrophically high medical claims for companies and their employees, according to new data from stop-loss insurer Sun Life.

Why it matters: Self-funded employers, or those that directly pay for their workers’ medical claims, usually buy "stop-loss" coverage to insure themselves from unpredictably costly diagnoses. And cancer has been the highest-cost condition for stop-loss claims every year since 2013.

2020 may be a turning point on health care costs

A red cross in a chair in a cubicle
Illustration: Rebecca Zisser/Axios

Employers will likely step up their efforts to rein in health care costs next year, a new PwC Health Research Institute report predicts, partially because they've nearly maxed out their ability to offload costs onto employees.

What they're saying: "2020 likely will be, in some ways, a turning point in the long arc of employer-sponsored insurance, a year in which more employers fight back," the report's authors write.