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Article: Health care costs up 2.5% in 1996.
- Article from:
- Business Insurance
- Article date:
- January 20, 1997
- Author:
CopyrightCOPYRIGHT 1997 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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Higher cost increases likely to follow
Health care plan costs in 1996 remained fairly stable, though larger cost increases may lie in store for some employers this year.
Group health care costs for active and retired employees rose 2.5% to an average of $3,915 per employee in 1996 from $3,821 per employee in 1995, according to a survey of 3,290 employers to be released this week by benefit consultant A. Foster Higgins & Co. Inc. of New York.
Health care costs for active employees and retired workers at large employers - those with at least 500 employees - climbed slightly more, increasing 3.6% to an average of $4,332 per employee from $4,181 per ...