Health Care: A Growing Cost To Employers
Among America’s major automakers, the cost of employee health care for hourly workers has increased roughly 60 percent over the past four years. In 2015 alone, financial forecasters predict that the three big Detroit-based companies will spend over $2 billion on their wage-earning employees.
Of course, the particularly strong United Auto Workers union has the clout to push Detroit’s big three companies into paying for their gold-rated health plans, but rising health care costs are not unique to the automobile sector. Health care expenses have been rising sharply for years now, affecting both individuals and the large and mid-sized companies who are or soon will be obliged under the Affordable Care Act to provide health insurance to all full-time employees.
Employers are responding to these rising costs in different ways:
- By limiting their offerings to health plans with high premiums and deductibles, pushing the cost onto the employee.
- By shifting money away from other employee benefits.
- By moving around employees’ hours so that fewer are working 30 hours or more per week, which is the minimum to qualify as a full-time worker.
Of course, small businesses with fewer than 50 employees, which account for around 96 percent of all American businesses, are not affected by this health care mandate. Still, they do need to worry about their employees’ health, since when there are few employees the effort of every one of them becomes that much more important. Small businesses may not be obliged to pay for their workers’ health care, but they are obliged to worry about what may happen if their only salesperson or HR manager gets sick with the flu or breaks an arm on vacation.
Fortunately, there is one way that businesses of any size can help their employees: the USA Rx pharmacy discount card. Whether your business is large or small, for profit or nonprofit, whether you’re a local used book store or a household name with thousands of employees, you and all your coworkers can benefit from the USA Rx discount program. You can order your free card directly off our website, or if you prefer you can also add your own brand to our pharmacy cards. For more information, contact us online at [email protected] or else give us a call at 888-277-3911.