Last resort: Firms choose drastic response to healthcare
When every innovative strategy has been exhausted, what are companies supposed to do to combat healthcare costs?
Nineteen percent of employers plan to stop offering healthcare benefits to their workers within three to five years, according to a recent survey by Hewitt Associates.
That’s almost five times higher than last year’s findings, where only 4% of employers said they planned on cutting health benefits.
The study also gauged what effects Obama’s healthcare reform would have on employers’ healthcare strategies, and found:
- Obama’s healthcare proposals will have some impact (51%), and
- Obama’s healthcare proposals will have no impact (44%).
If your firm offers solid healthcare benefits, sharing these findings could help to reinforce the company’s commitment to its employees — especially if you are unable to hand out sizable (or any) salary increases this year.
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