Many small businesses pressured to cut health benefits to stay afloat

Tags: business, health care costs, health insurance, budget, cut

Many small businesses pressured
to cut health benefits to stay afloat

More than one in three small business owners said that rising health care costs may cause them to cut portions of health insurance benefits for their employees, according to a survey by the Robert Wood Johnson Foundation. Though these employers recognize that health benefits are essential to retain and attract good employees, they struggle to keep up with unpredictable increases in the cost of providing health insurance. With reform ideas circulating Congress and a new president in office, the survey reports that small business owners show strong support for various policy options such as government-sponsored purchasing pools and a change to the tax structure for employer-sponsored health insurance. Read the full report, “Small Business Owners Say Cutting Health Care Costs, Need for Reform are Top Concerns,” on the Robert Wood Johnson website, www.rwjf.org.