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Article: Health Care Costs Outpace Pay Raises.
- Article from:
- The Atlanta Journal-Constitution
- Article date:
- July 26, 2002
CopyrightCOPYRIGHT 2002 The Atlanta Journal-Constitution. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tammy Joyner
Jul. 26--Employers are spending more on workers -- but it isn't showing up in workers' paychecks.
Soaring health care costs accounted for the greatest share of the increase in the latest Employment Cost Index. The quarterly index measures changes in wages, salaries and employer costs for benefits such as health care. Health care costs outpaced pay raises in the quarter ended June 30.
Workers in private industry saw a 1.1 percent gain in compensation while benefits costs rose 1.4 percent.
"Economists have been predicting higher health care costs for employers, but this is the first report that illustrates it pretty ...