Employers Scramble to Find Solutions As Employee Health Plan Costs Continue to Rise Faster Than Inflation
New Jersey Business › Vol. 52 Nbr. 5, May 2006
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Employers Scramble to Find Solutions As Employee Health Plan Costs Continue to Rise Faster Than Inflation
The rate of increase in the cost of employer health benefits slowed again last year, but large increases over the last five years have left employers in New Jersey and the nation scrambling for solutions to manage already high costs, three national surveys have found. And costs are still rising at twice the rate of inflation.
Recent annual surveys by Mercer Human Resources Consulting, Kaiser Family Foundation and Towers Perrin found that healthplan costs in 2005 and 2006 rose at an average rate of about 7 percent.The cumulative cost increase over the last five years was 73 percent. (Kaiser) As a resu...See the full content of this document
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