Benefits October 22, 2000

Health Benefits Burden Employers

October 22, 2000 (PLANSPONSOR.com) - An overwhelming 84% of large employers say they spend too much time managing day-to-day health benefits, according to a new survey.
Reported by

Still, most large employers (70%) say they are unlikely to stop offering health benefits, at least for the next two to three years, according to the survey by William M. Mercer.

While overall only 5% report high interest in an exit strategy and just 4% report a high likelihood of implementing such a strategy, those in finance, insurance, and services industries appear to be seriously reconsidering their options. 

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

More than half of the companies in those industries report they are very (15%) or somewhat (39%) interested in considering an exit option.

Dissatisfied employers are examining their own operations, with an eye toward:

  • saving money
  • increasing employee satisfaction
  • improving worker productivity

Despite the risks presented by a tight job market, some employers indicated they might begin modifying their plans as early as next year.

«