Employers Beware: Health Care Cost Expected to Spike 9% in 2011
According to a report released today, U.S. employers can expect to see their health care costs rise by around 9 percent next year.
The South Florida Business Journal reports that
PricewaterhouseCoopers report predicted the continuation of several relevant trends in health care, namely the shifting of costs from employer to employee. As the premiums continue to increase and the effects of the recession drain businesses, more employers are requiring their employees to pay more for their benefits.
The PricewaterhouseCoopers report said that 42 percent of the employers surveyed plan to increase employee contributions for health insurance.
The PricewaterhouseCoopers report also found that:
* Sixty-seven percent of employers plan to expand or improve wellness programs
* More employers are dropping health benefits for retirees
* For the first time, the majority of U.S. workers are expected to have a deductible of $400 or more next year
Employers blame shifting of Medicare costs for much of the anticipated increase in their health care costs, the report found. It is yet to be seen how this will affect prescription medication coverage, but odds are it is not going to make it any cheaper.
If you are struggling to pay for your prescription drugs like Actos, Lexapro, Singulair, or Zocor, don’t wait around for the government or your employers help, take matters into your own hands today.
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