What most influenced your decision about offering healthcare benefits to your employees?
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Let's face it, If you provide healthcare for your employee's it is your company's largest expense. It is for us anyway. With just 14 employee's it is paramount for us to have it so we can retain top quality people. I was wise enough to "grandfather" us in before the ACA went into effect. We have stayed that way since and have had minimal yearly increases. If small employer's like us could join groups or open the market to cross state lines it would increase options and choices and lower health care costs. Maybe some day I can only hope.
3 Replies
Frank Scutaro
from The Goddard School
Completely agree with you on the open market - to lower costs. Large companies pay significantly less and have more/better options. Currently, there is a very large penalty to small companies for healthcare.
Rony Rozner
from Bespoke Beverage Concepts
Good morning Frank! I'm one of the skeptics who doesn't believe that healthcare costs a subject to competitive pressures such as one would find in an open market. And I feel that there is too much friction in the delivery of healthcare, which only adds to the cost.