Here’s How American Employers Are Seeking Affordable Alternatives To Obamacare

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More and more firms are responding to rising costs by ditching conventional health insurance and assuming direct financial responsibility for their companies’ health plans. Notably, the growth in self-insurance is being driven by small- and medium-sized employers, for whom the switch can be a bigger financial risk.

It’s growing more expensive for employers to offer health insurance.

Employer insurance costs are expected to climb 6.5% in 2024, according to a new survey from major benefits consulting firms Mercer and Willis Towers Watson. Employers spend about $14,600, on average, to insure a single employee, a 5% percent increase from last year . . .

Click to read the full article at Forbes

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