Health bene昀椀t cost per employee rose 3.2% in 2022, but employers 3 see bigger increases ahead Most employers are prioritizing enhancing bene昀椀ts to attract and retain workers over cost-cutting 16% 14% 14.7% 14.0% 12% 10% 8.0% 8.4% 8% 6% 7.0% 3.2% 3.6% 5.4% 4% 2.5% 4.6% 2% 2.4% 2.4% 1.8% 0% 1.1% - -2% 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 20222023 Annual change in total health Overall inflation Workers’ earnings Market trends benefits cost per employee (pre-plan design changes) 2023 Benefits Trends: The evolving workplace 58