Survey: Group Insurance Rates Rise For Employers
"Group health insurance rates for small and midsize employers are surging for 2011 renewals, according to a survey by the Council of Insurance Agents & Brokers," Business Insurance reports. "Rather than absorbing the costs, most employers are changing their plan designs and passing on some of the increased costs to their employees, according to the CIAB's 'June Employee Benefits Market Survey' released this week." Many businesses are responding to increases of up to 20 percent by implementing "higher deductibles, copayments and premium contributions, according to the survey" (Wojcik, 6/3).This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.