Health care costs rise for large employers

Health care costs for large employers will rise more than 6% this year, a study says, and more companies are thinking about revamping their benefits.


The study Monday from benefits consultant Towers Watson says this year’s 6.5% increase in the cost companies pay to administer health plans and pay claims is down slightly from 2009’s 7% hike.

A total of 83% of companies surveyed say they have either revamped their health care strategy or expect to do so in the next two years. This can mean switching plan designs or an increasing employee payments among other big changes.

Towers Watson surveyed more than 500 employers from November through January. Each had more than 1,000 employees.

Via USA Today