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Article: Health Insurance Expenses Create Dilemma for Wisconsin Small Firms.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 15, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. 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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By Joe Manning, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Apr. 15--Many Wisconsin small business owners are increasingly facing a gut-wrenching choice: eliminate health insurance coverage for their workers or accept the consequences of absorbing skyrocketing premium costs.
Former New Glarus Bakery owner Nancy Potter faced just such a decision earlier this year.
She decided, reluctantly, to drop health insurance coverage for her 11 employees when she faced a premium increase of 160 percent . "For a small business, that increase was prohibitive," she said.
"It's a crisis," Potter added. "Most employers would like ...