Wednesday, September 16, 2009

Skyrocketing Employer Health-Insurance Premiums - BusinessWeek

The Business Roundtable, which represents CEOs from the largest U.S. companies, warned in a report released Sept. 15 that annual health-care costs for businesses will rise 166% over the next decade, to nearly $29,000 per employee, if Congress does not enact significant coverage and cost reforms. That's even worse than the prior decade, according to a second report, which was released the same day. An annual survey by the nonprofit Kaiser Family Foundation reported that employer-sponsored health insurance premiums rose 5% this year, bringing the total increase over the past decade to 131%—more than four times the rate of overall inflation.

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