Mercer: 2007 Health Coverage Cost Hike Increases Level with 2006 (back)
11/19/2007
A Mercer news release about its latest National Survey of Employer-Sponsored Health Plans said the 2007 average per-employee cost of $7,983 represented an annual increase that has held steady for three years. Mercer said the annual price hike, which spiked in 2002 to almost 15%, is expected to slow even more in 2008.
However, before benefit managers break out the champagne, Mercer researchers pointed out in their study report that the rate of increase is still more than twice the rate of inflation. "Health cost growth is outpacing wages and material costs and eroding business profitability," the report says.
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