Aon Employee Benefits
Global Medical Cost increases in 2016
expected to be 2.5 times higher
than inflation
New Aon analysis projects average cost increases
to top 9% globally and 9.3% in the UK
This is 5.5 percentage points higher
than the global average projected
inflation rate of 3.6 percent
Average Medical Trend Rates
by Region
Asia Pacific
2015
2016
Medical
Annual general Medical
Annual general
trend rate inflation rate trend rate inflation rate
10.4%
4.2%
9.4%
3.2%
Europe
5.7%
1.6%
5.9%
1.6%
Latin America and Caribbean 16.7%
6.9%
20.0%
11.0%
Middle East and Africa
13.3%
6.6%
11.6%
6.3%
North America
5.3%
1.6%
5.8%
1.5%
Global
8.7%
3.2%
9.1%
3.6%
UK
7.8%
1.9%
9.3%
1.9%
For further information or to discuss any of the trends, please contact:
Gary Fearon, Healthcare Lead, t: +353.1.266.6207 e: [email protected]
Beech Hill Pension Trustees Limited t/a Aon Employee Benefits is regulated by The Central Bank of Ireland.
Risk. Reinsurance. Human Resources.