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Survey: Employers May Cut Health Benefits

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Companies’ shift away from providing major medical may be about to accelerate.

When researchers surveyed 1,041 owners and decision-makers at small and midsize businesses in January and February for a unit of PNC Financial Services Group Inc., Pittsburgh, 66% said rising health care costs have been having a moderate or severe impact on salary increases, and 57% said they were “likely to reduce benefits of their employees in the future,” PNC says.