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36
EMPLOYEE BENEFITS

High Health Care Costs to Continue
 

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Health insurance premiums are rising at four times the rate of inflation and will continue to soar over the next three years.

Currently overall premium increases range between 9% and 12%, but many smaller employers are confronting hikes of as much as 12% to 20%.

As a result, a report by the National Coalition on Health Care predicts that many people will become uninsured.

Among the factors responsible for the increases are the cost of medical technology, oversupply of health care facilities, high drug costs, and consumer demand for broader access to care.

Copyright © Kennedy Information LLC, 800-521-0007. All Rights Reserved. Reproduction prohibited by law.

Last updated: May 22, 2000




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