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Article: Employers and government must act to cut health care costs.(Editorial)
- Article from:
- Business Insurance
- Article date:
- November 28, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. 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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THE NEWS ON group health care plan cost increases is both good and bad. The good news is, of course, that health care plan inflation continues to ease.
This year's average increase of 6.1% is, according to an annual survey by Mercer Health & Benefits, the smallest increase in eight years and less than half the 14.7% increase racked up just three years ago.
The bad news, though, is that health care cost increases still are running substantially ahead of the overall increase in the cost of living, and that is a trend that cannot continue indefinitely-unless all corporate, governmental and individual spending goes for health care.
To be sure, ...