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What a $480,000-a-year cancer drug means for employer health coverage

Image of a bottle of the pancreatic cancer drug Rasonque, alongside its packaging.Revolution Medicines

Employers are bracing for another year of higher health costs, according to recent industry reports.

The average health benefit cost per employee is set to rise by 8.2% in 2027, even when taking into account measures businesses may take to contain costs, according to a survey released by consulting firm Marsh on Aug. 31. This represents the steepest hike since 2003.

Similar reports released by Aon and Business Group on Health estimate that employers will see

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