Medical inflation continues to impact claims

May 22, 2023

Small stacks of blocks at ascending heights with the years, 2021-2024 engraved on them to indicate the passage of time.
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The media recently shared an interesting take on inflation trends, and pointed out the divergence between overall inflation and medical inflation trends. Expenses are on the rise in nearly every area and as medical costs continue to increase, so do employer and claimant concerns. In today’s podcast, we’re joined by Dr. Teresa Bartlett, managing director, managed care and Max Koonce, chief claims officer, who share their take on rising medical costs, cost containment options and more. Listen to the full conversation on the podcast here.

Sedgwick will continue to track, analyze and provide recommendations on how inflation is impacting medical cost trends. Strengthening cost-control strategies in today’s financial environment can put organizations in a better position to respond to future market trends.