More Companies Shifting Healthcare Costs to Employees
Costs have been shifted and cutbacks have come, but the health-care expense crisis continues for employers – and a new administration in the White House isn’t expected to provide companies with much help, according to i4cp's latest study.
The study found that 65% of polled companies have shifted a portion of the cost of health benefits to employees during the past 5 years. 41% of those who have transferred costs to workers have increased the amount the employee pays by up to 10%, while 33% have upped their workers’ portion of payment by 11-20%.
More alarmingly, in the face of increased costs 14% of companies overall (21% in companies with more than 10,000 workers) report a reduction in health-care plan enrollment.
See more results from the healthcare costs survey.