Study: Businesses See Healthcare Costs Rising 7 Percent Next Year

Monday, 06 Aug 2012 05:17 PM

By Newsmax Wires

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Companies on average expect to pay 7 percent more for their employees’ healthcare next year than in 2012, according to a new survey of 82 of the country’s largest companies by the National Business Group on Health.

That would be more than four times the overall inflation rate of 1.7 percent registered for the year through June. The 7 percent increase matches what businesses forecast for this year, but is smaller than their increases of the previous three years.

As a result of the cost increases that they face themselves, 60 percent of the businesses expect to hike the percentage of premiums that employees must pay next year, although the majority of those businesses plan an increase of less than 5 percent.

Special: Repeal Obamacare? Vote Here in Urgent Poll

A total of 40 percent of respondents intend to raise in-network deductibles for their employees, 33 percent expect to boost out-of-network deductibles, and 32 percent anticipate an increase in out-of-pocket maximums.

The survey was conducted in June before the Supreme Court upheld most of the healthcare reform law. So the planned increases may well have increased since then.

"Rising health care costs continue to plague employers at an alarming rate," Helen Darling, president and CEO of the National Business Group on Health, said in a statement accompanying the report. "Although cost increases have stabilized somewhat, they are still on a higher base from last year and are simply not sustainable, especially when our nation's economy and workers' wages are virtually flat and everybody is struggling."


© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

GOP Eyes a Sebelius Candidacy to Boosts Its Coffers

Thursday, 17 Apr 2014 06:49 AM

The GOP would relish the chance to exploit a candidacy by outgoing Health and Human Services Secretary Kathleen Sebelius . . .

Trump: Nevada Rancher in Position to 'Cut a Good Deal' With Feds

Wednesday, 16 Apr 2014 22:59 PM

Billionaire real estate developer Donald Trump thinks Nevada cattle rancher Cliven Bundy is in a strong position to cut  . . .

Oklahoma Gay-marriage Case before US Appeals Court

Thursday, 17 Apr 2014 06:27 AM

Lawyers for two Oklahoma women and the county clerk who would not give them a marriage license go before a federal appea . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved