Thursday, May 21, 2009

Employers to Make Deeper Cuts in 2010 Health Coverage

"Companies are getting walloped by higher than expected costs just when they can least afford it. Employers had figured on a 6% hike in health care this year, but it now looks as if the increase will be closer to 7.5%. The spike is due to employees making more trips to the doctor and dentist and undergoing more exams, tests and treatment, a common occurrence in a recession. It’s driven by stress related illnesses and by workers worried that they’d better race to use their benefits while they still have them."

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