Small Businesses Face Uphill Battle With Health Insurance Costs
Tuesday, Jul 28,2009, 10:09:59 AM Click:
A new survey of 912 small to medium-sized business owners across the United States by management consulting firm George S. May International found that 46 percent of respondents don't offer health insurance to their employees.
Of the 54 percent that do offer health insurance to their employees, the split between employer and employee paid premiums is as follows:
|
Paid by employer: |
||
|
¢ 100% |
13% of respondents | |
|
¢ 90% |
10% of respondents | |
|
¢ 80% |
20% of respondents | |
|
¢ 70% |
18% of respondents | |
|
¢ 60% |
17% of respondents | |
|
¢ 50% |
22% of respondents |
The most glaring number is the fact that 22 percent of those small businesses that offer health insurance only pay 50 percent, which is a clear sign of being in survival mode, Rauseo said. These are the same employees that are being driven harder and harder each day to keep the very business alive that simply does not have the means to provide 100 percent employer-paid health insurance; many cannot afford any employer participation, much less holiday bonuses or other benefits.
About George S. May International Company
George S. May International Company is one of the most established management consulting firms in the United States. Since 1925, it has been helping business owners improve their operations, profits, efficiency and effectiveness. The company is headquartered outside of Chicago in Park Ridge, Ill. For more information, visit www.georgesmay.com.
Cushman/Amberg Communications
Luke Cushman or Christie Zielinski, 312-499-5235
lcushman@cushmanamberg.com
Source: George S. May International Company
PARK RIDGE, Ill.--(BUSINESS WIRE)-- Small businesses continue to grapple with the costs of providing healthcare to their employees, but the challenge is becoming disastrous for many businesses that are just trying to stay afloat, according to George S. May International.
A new survey of 912 small to medium-sized business owners across the United States by management consulting firm George S. May International found that 46 percent of respondents don't offer health insurance to their employees.
Of the 54 percent that do offer health insurance to their employees, the split between employer and employee paid premiums is as follows:
|
Paid by employer: |
||
|
¢ 100% |
13% of respondents | |
|
¢ 90% |
10% of respondents | |
|
¢ 80% |
20% of respondents | |
|
¢ 70% |
18% of respondents | |
|
¢ 60% |
17% of respondents | |
|
¢ 50% |
22% of respondents |
The most glaring number is the fact that 22 percent of those small businesses that offer health insurance only pay 50 percent, which is a clear sign of being in survival mode, Rauseo said. These are the same employees that are being driven harder and harder each day to keep the very business alive that simply does not have the means to provide 100 percent employer-paid health insurance; many cannot afford any employer participation, much less holiday bonuses or other benefits.
About George S. May International Company
George S. May International Company is one of the most established management consulting firms in the United States. Since 1925, it has been helping business owners improve their operations, profits, efficiency and effectiveness. The company is headquartered outside of Chicago in Park Ridge, Ill. For more information, visit www.georgesmay.com.
Cushman/Amberg Communications
Luke Cushman or Christie Zielinski, 312-499-5235
lcushman@cushmanamberg.com
Source: George S. May International Company
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