Wednesday, November 01, 2017 - Monday, November 30, 2020
All employers — whether in the public or private sector — face unprecedented challenges when it comes to meeting employee expectations and finding ways to control health care costs. Cost increases for health insurance and employee benefits continue to set records for all sectors of the U.S. economy.
Premiums for family health insurance coverage increased 113 percent from 2001 to 20111 and are expected to rise 5 percent to 7 percent in 2012.2 Public sector employers face additional challenges. With revenue shortfalls and increased public scrutiny, it’s no surprise the vast majority of government employers are looking for options to reduce benefits costs.3 Public sector employee benefits have become a politically charged target in an era where all government spending is under close examination.