Nearly half of small and midsized businesses surveyed by a consultancy firm say they don't offer health insurance to their employees as they struggle to stay afloat in the current economic downturn. Of 912 business owners responding, 46% say they don't provide health insurance for their employees, according to the report published in July by George S. May International, a Park Ridge, Ill., company that advises small and midsize companies, including manufacturers.
Another survey released the same month concludes that 60.1% of manufacturers increased employee premiums to reduce costs in 2009, according to the 2009 Compensation Data Manufacturing survey conducted by Compdata Surveys.
"Medical plans continue to be a source of scrutiny, as high health-insurance costs are cutting into organizations' bottom lines," says Amy Kaminski, manager of marketing programs for Compdata Surveys.
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