The cost to employers who provide health insurance to their employees is increasing at an alarming rate, according to a recent study conducted by PriceWaterhouseCoopers, LLP, an industry research firm.
A number of factors, including rising hospital fees, underfunding of public health programs, a growing number of uninsured Americans, and high prescription drug prices, are set to contribute to an expected 10% increase in health care costs for employers - nearly double the expected rate of inflation.
As health care costs go up, many employers are beginning to consider scaling back on their sponsored insurance policies, passing more costs onto employees, or eliminating the programs altogether.
For more information on issues relating to employee’s rights, contact Los Angeles employment attorney Perry Smith at 888-356-2529 today.
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