Survey: Employers plan cost shifting, wellness initiatives
Wednesday, August 14, 2013 2:57 PM
More than half of benefits professionals responding to a survey said companies plan to deal with expected health care cost increases from the federal Patient Protection and Affordable Care Act (ACA) by shifting those costs to employees, the International Foundation of Employee Benefits Plans said in a release. Also, they said more than a third of employers intend to increase their wellness initiatives to try to keep employees healthier. About one in seven of organizations with knowledge of their cost trends reported no change or a decrease in costs for 2013 due to the ACA. Very few medium-sized and large employers with knowledge of their cost trends are experiencing cost increases beyond 5 percent, but a considerable portion of smaller employers are experiencing 2013 cost increases beyond 15 percent due to the ACA. Click here to download the report.