TITLE

Employers attempt to keep health care costs under control

AUTHOR(S)
Hofmann, Mark A.
PUB. DATE
September 2003
SOURCE
Business Insurance;9/15/2003, Vol. 37 Issue 37, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The cost of employer-provided health care benefits continues to rise at a double-digit rate, and employers are making changes in their plans to keep these costs in check in the U.S. As a result of the rising costs, employers are not only absorbing premium increases themselves but also shifting more costs to employees. Premiums for employer-provided health insurance increased 13.9% between spring 2002 and spring 2003. That followed annual increases of more than 10% in each of the two prior years.
ACCESSION #
10891541

 

Related Articles

  • By the Numbers.  // Employee Benefit News;4/15/2003, Vol. 17 Issue 5, p50 

    Presents the results of a 2003 survey on employers' confidence in their ability to control health benefit costs in the U.S. Increases in health insurance premiums; Use of consumerism-related strategies by employers; Responses of employers to increases in health care costs.

  • Employers staying put with health benefits. Scott, Andrew // Fairfield County Business Journal;7/4/2005, Vol. 44 Issue 27, p8 

    Reports on the trend of escalating healthcare costs that led to higher deductible payment and co-payments of employers in Stamford, Connecticut. Indication of an increase in the cost of benefits; Involvement of healthcare or prescription drug coverage in the benefits which account for most of...

  • Employers take small steps to curb care costs. Santiago, Raquel // Crain's Cleveland Business;01/29/2001, Vol. 22 Issue 5, p3 

    Reports on the reluctance of employers in Ohio to implement radical changes in employee health benefits. Rapid rise of costs of medical care; Consolidation of health plan options available to employees; Implementation of tiered drug benefits; Promotion of wellness programs; American Greetings...

  • Consumer-Driven Health Care. Lombardi, Lucian J. // LIMRA's MarketFacts Quarterly;Fall2002, Vol. 21 Issue 4, p103 

    Comments on the emergence of the consumer-driven health care model. Description of the health-care model; Rate of increase in health care costs in the first quarter of 2002; Advantages of the model to insurance companies and employers; Possible risks that may arise from the implementation of...

  • Rx-only consumer-driven plans hit market. Elswick, Jill // Employee Benefit News;Dec2003, Vol. 17 Issue 15, p1 

    Reports on consumer-driven health care plans, which are considered a way to provide a health reimbursement arrangement for employees to pay the full cost of medical care. Integration of prescription drug coverage in some of the plans; Decision of Prime Therapeutics, a pharmacy benefit manager,...

  • Rising premiums prompt employers to reduce healthcare coverage. Wechsler, Jill // Managed Healthcare Executive;Oct2001, Vol. 11 Issue 9, p8 

    Reports the impact of the rising health care costs to employers in the United States. Increase of employer-sponsored health insurance; Analysis of the 2001 Employer Health Benefits survey; Implication of government regulation on health care management.

  • Employers Taking Aim at Selected Hearth Costs.  // Benefits & Compensation Digest;Jan2006, Vol. 43 Issue 1, p45 

    The article focuses on the actions taken by employers to address the increasing health care cost in the U.S. in 2005. Some employers have included surcharges for plan participants who are responsible for higher expenses to the plan. A majority of employers have adopted coinsurance in their...

  • RETIREMENT--ADDITIONAL Resources.  // Benefits & Compensation Digest;Oct2006, Vol. 43 Issue 10, p15 

    The article focuses on the strategy of increasing the employee contribution to the medical premium to cope with rising medical costs. Cost sharing helps control costs and encourages employees to be more aware of actual expenses. Some employers provide full coverage for employees but not...

  • Employers hold the line on health-benefit cost increases.  // Corridor Business Journal;11/30/2009, Vol. 6 Issue 19, p8 

    The article reports on the employer-sponsored health plans in the U.S. It states that the benefit cost growth has exceeded inflation in year 2009. The National Survey of Employer-Sponsored Health Plans reports that employers expect a rise of 9% in medical plan cost in 2010 if they would only...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics