Across the country, the cost of group health insurance continues to force employers to stop offering coverage to their employees or look for alternative options.
USA Today (Jan 24, 2008) reports today from one Chicago employer who has decided to drop its group health insurance plan in favor of giving its 100 employees money to buy their own individual health insurance. The article explains how this would work, and discusses the pros and cons of the system.
Some would say the firm's employees should count themselves lucky. When health insurance renewals came up in December for one mid-sized business in South Carolina, the company simply let its policies lapse. Worse still, its employees weren't even informed. (Charleston's The Post and Courier, Jan 5, 2008)
With only 60% of employers offering group health insurance (down from 69% in 2000), CNBC took a look at health care questions being asked by Americans and provided tips and advice for dealing with the increase in costs being passed on to the individual. (MSNBC, Jan 7, 2008)
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