Health Insurance Rate Increases
by gsberger, Window Shopper
- Created: March 6, 2010, 1:54 pm
- Updated: August 8, 2012, 7:51 am
My company is a medical practice/surgical center with about 30 employees. We have just been notified that our BC/BS health insurance premiums are being increased by 26%. The employees pay 25% and the company 75%, and neither party can afford this increase. Last year when this happened, we increased the deductible and co-pay and still wound up with less in coverage. If we do the same thing again this year, the employees will have such a high deductible amount that some would drop off of the policy. If we don't do this, the premiums are such that some employees will still drop coverage and the company can't afford the increased premium payments. I want to maintain coverage for all employees but don't see how to do this. We have managed to keep from having any layoffs during the recession, but I don't see how to avoid this if the company picks up the increased expense. If we do that, the quality of care to our patients or customers will suffer. How are other small businesses dealing with this issue across the US?
Gary S Berger MD
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