Close Close
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Survey: Employers May Cut Health Benefits

X
Your article was successfully shared with the contacts you provided.

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.