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Article: Westchester companies struggle with health care costs. (Focus).(health insurance price increases)
- Article from:
- Westchester County Business Journal
- Article date:
- December 16, 2002
- Author:
CopyrightCOPYRIGHT 2002 Westfair 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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For the second year in a row, employers were hit with double-digit increases for their group health insurance plans, and the prospect for relief anytime soon isn't in the cards.
In fact, given the ever-increasing costs for diagnostic procedures and prescription drugs, county insurance brokers report that annual premium costs are expected to continue escalating in the coming years.
"When a business owner is looking at a monthly ticket price as much as $350 for single coverage and $1,000 for family coverage, something has to give," said Thomas R. Kozera, president of SKC Group Inc., (formerly Sternberg, Kozera & Gleicher Inc.), a Hartsdale insurance ...