Saturday, June 13, 2009
Healthcare Costs are Choking Small Businesses
It's a sobering reality. Healthcare costs are soaring and it's choking some small businesses. We don't need CNN to know that. In many companies, healthcare costs are rising between 10-20 percent each year! Can you believe those types of numbers! If the average small business covers say 30% of healthcare costs for employees, then that's a significant amount of increase every year.
Here's an interesting snippet from a recent CNN article: "Of the 46 million Americans living without health care, an outsized majority -- about 60 percent -- work for small businesses, according to the nonprofit Employee Benefit Research Institute." Let's hope that healthcare reform plans will help these small businesses. Image source: CNN