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Article: Premium pain: Colorado employers are taking creative steps to curb health-insurance hikes.(attitude at altitude)
- Article from:
- ColoradoBiz
- Article date:
- October 1, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Wiesner Publications, 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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Colorado employers are digging deep as they head to the health-insurance renewal table this year. Weight-loss programs and fitness competitions have entered the mix with traditional bumped-up employee premiums and co-pays, as companies seek relief from escalating costs.
Whatever measures companies choose, cost-containment remains a necessity in 2008, with industry experts reporting average premium increases of 10 percent to 12 percent in Colorado, outpacing the national average of 7 percent to 9 percent. Small businesses are facing an even harder hit.
"I have repeatedly heard from members. Many of them are seeing a 20- or 30-percent increase in their health-care ...
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