Here’s why healthcare costs will be volatile in 2022 and beyond

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The cost of healthcare benefits around the world will—on average—remain steady in 2022, according to a new report from Willis Towers Watson, but that fact is deceptive, hiding considerable volatility expected in global healthcare use and costs.

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Despite the average cost stability from 2021 to 2022, Willis Towers Watson’s 2022 Global Medical Trends Survey uncovered sizeable variation in predictions for cost increases by region, based on COVID-19‘s surges in different countries at various times since March 2020. That asymmetrical arc around the globe is creating volatility, according to Eric McMurray, global head of health and benefits at Willis Towers Watson.

For example, insurers

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