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May 15, 2002 at 08:00 PM
NU Online News Service, May 15, 3:25 p.m. – Many large employers are preparing to revamp their approach to major medical coverage, according to results of a new survey from Watson Wyatt & Company Holdings Inc., Washington, and the Washington Business Group on Health, Washington.
Researchers found when they surveyed 292 large employers that only 34% believe they will be willing and able to absorb the coverage cost increases expected in 2003.
A year ago, 50% of large employers said they would be willing and able to absorb the increases expected for 2002.
Nineteen percent of the large employers have already tried to control costs by giving employees more information and more responsibility, and 43% predict they will increase the level of “consumerism” in the next year.
