Employers in the Unites States are paying twice as much in health care costs today as they paid six years ago, according to HR consultants Towers Perrin.
Preliminary results of an analysis of the first 200 responses to Towers Perrin’s 2004 Health Care Cost Survey suggest that the cost of healthcare is expected to increase by more than 10 per cent in 2004.
With employers unable to continue to absorb double-digit increases and employees feeling as if they are getting less and less, this could become another highly emotive issue for corporate America.
Towers Perrin | Fifth consecutive year of double-digit health care cost increases in 2004