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Taming runaway healthcare costs
- Article from:
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Growth Strategies
- Article date:
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August 1, 2002
- Author:
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Copyright informationCopyright FutureScan Aug 2002. Provided by ProQuest LLC. (Hide copyright information)
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We have been writing about out-of-control healthcare costs for as long as we can remember, but the amounts (and share of national income) spent on healthcare continue to rise. According to a recent study by human resources consulting firm William M. Mercer, employers saw their healthcare costs go up by an average of 11.2% in 2001, and expect an average increase of 12.7% for 2002. The news is actually worse for many small companies, some of which are burdened with premium hikes of as much as 40%.
According to another recent study by Hewitt Associates, these are cost increases "that exceed employers' budgets and ability to pay." And yet, remarkably, the primary response of employers, says ...
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