Employers grapple with escalating health costs
Under pressure to not cut benefits, but pressed by skyrocketing costs, employers are exploring ways to provide coverage without going bankrupt.
IMAGE ILLUSTRATIONAs the cost of medical benefits soars, employers are exploring a variety of strategies-some draconian, others incremental-to maintain medical coverage. And, at the same time the pressure to find creative financial solutions is mounting, evidence of the critical role of health insurance is coming into sharper focus.
Employers have long accepted the idea that health coverage is a key component of total compensation. Now that research is increasingly illuminating the role of health insurance in assuring worker health and productivity, companies that may have been considering drastically cutting or eliminating medical benefits are rethinking the decision.
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