2 ms·
Health care costs are one of the largest year-over-year increasing costs employers have to pay. This eliminates that risk (which could rise to 6% next year) fro
by omegaworks 7y ago
Health care costs are one of the largest year-over-year increasing costs employers have to pay. This eliminates that risk (which could rise to 6% next year) from the cost calculations every business currently has to make.
From https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/employers-adjust-health-benefits-for-2019.aspx https://www.shrm.org/resourcesandtools/hr-topics/benefits/pa...:
>"Health benefit costs are still rising at two times the rate of wage increases and three times general inflation, "making this [cost] trend unaffordable and unsustainable over the long term," Brian Marcotte, NBGH president and CEO, said at an Aug. 7 press conference in Washington, D.C.
Medicare is one of the most efficient ways of delivering healthcare we have in this country. With overheads of 2-5% compared to the 10+% of the private industry[2]
2. https://www.americanprogress.org/issues/healthcare/reports/2019/04/08/468302/excess-administrative-costs-burden-u-s-health-care-system/ https://www.americanprogress.org/issues/healthcare/reports/2...