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During the past few years, they have overcome rough times and developed a resiliency that is serving them well. The bad news is that the rising cost of health insurance is one issue that they may not overcome. In 2005, employees health insurance premiums climbed a bit less in than in recent years, but continually rising costs have prompted many small businesses to drop health benefits altogether. In 2005, health care premiums raised an average of 9.2 percent, falling from the 11.2 percent increase in 2004 and ending four straight years of double-digit escalation. While the earnings of a minimum-wage worker in Minnesota is at $12,792 per year, the average cost of health coverage for family coverage is $10,880, with employees paying $2713...
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Common topics in this essay:
- CASE STUDY: HEALTH CARE INDUSTRY (ELI LILLY AND COMPANY)
- Credit Crisis for Small Businesses
- Problem for small businesses
- Retaining Employees in Small Business
- Survival Tips For Small Businesses
- The Impact of E-commerce on Small Businesses
- A comparison of Canada's Health care system to Japan's Health care System by using performance indicators.
- Survival Tips For Small Businesses
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- rising health care costs
- Problem for small businesses
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- Health Care Industry
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