According to the results of a new survey by the Robert Wood Johnson Foundation, business owners and benefits managers whose companies currently pay for at least some health-insurance benefits expect healthcare costs to jump an additional 12 percent over the next year–and they will ask their employees to pay an average of 21 percent of the increase. Faced with rising healthcare costs, business owners say they must continue to pass a portion of the increased costs on to their employees by requiring them to pay a mounting share of the premiums, co-pays, or deductibles, a according to the survey.
Four in five business owners (79 percent) who anticipate increases in their health care costs say they are concerned about their employees’ ability to shoulder the projected increases. And more than one-third (35 percent) of businesses that report an expected increase in healthcare costs say it is likely their employees would consider dropping their health care coverage because of this increase in out-of-pocket costs.
Join us this fall in San Francisco for the California Employment Law Update conference, a 3-day event that will teach you everything you need to know about new laws and regulations, and your compliance obligations, for the year ahead—it’s one-stop shopping at its best.