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Article: Medical plan costs soar more than 45 percent in two years according to Foster Higgins health care survey. (Foster Higgins Health Care Benefits Survey)
- Article from:
- PR Newswire
- Article date:
- January 29, 1991
CopyrightCOPYRIGHT 1991 PR Newswire Association LLC. 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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MEDICAL PLAN COSTS SOAR MORE THAN 45 PERCENT IN TWO YEARS
ACCORDING TO FOSTER HIGGINS HEALTH CARE SURVEY
NEW YORK, Jan. 29 /PRNewswire/ -- Corporate earnings, already weakened by the recession, are being further eroded by seemingly uncontrollable health care benefit expenses.
A nationwide survey released today reports that health benefit costs now consume more than one of every four dollars (26 percent) of an employer's net earnings.
The survey of 1,955 employers, conducted by A. Foster Higgins & Co., Inc., a leading employee benefits consulting firm, reports the cost of employer medical plans averaged $3,161 per employee in ...