Stemming the Cost of Providing Health Insurance
- Thursday, January 16, 2014
Contact: John Fitzgerald; Berdon LLP (New York, New York, USA)
The upward trajectory is staggering. The cost of health insurance premiums has risen 80% in the last 10 years while employees' wages have increased 1.8% over the same period.Â¹ With such a long history of draining the financial resources of firms, it makes business sense to weigh your healthcare options to see if there are opportunities for savings. The decisions you make must factor in firm size, the economics of making a change, and the overall financial state of the firm. With this in mind, here are some considerations.