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Survey: 74% Of Detroit Firms Might Cut Health Benefits

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NU Online News Service, June 1, 2004, 5:12 p.m. EDT – Many southeast Michigan business owners are thinking about cutting employee health benefits.[@@]

When researchers polled 205 southeast Michigan executives in May for the Detroit Regional Chamber, Detroit, they found that 74% called health insurance “unaffordable” and 25% called it “very unaffordable.”

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The researchers also found that 74% of the participants were thinking about reducing employee health benefits as a result of high costs.

Despite the concerns about health insurance, 85% of the participants said the quality of health care in the Detroit area is average or above average.