Originally published March 8 2005
Many employers want health insurance concessions in exchange for higher salaries, poll shows
by Mike Adams, the Health Ranger, NaturalNews Editor
A Houston Chronicle poll of employers shows that many are willing to pay higher salaries these days -- but, in exchange, they want to pay less for health insurance. Of those polled, 59% said they would agree to higher salaries, but 69% wanted health insurance cuts. Prescription drugs led the list of health-related items the employers want to cut most.
As general economic conditions improve, employers may be slightly more generous about wage increases when the time for talks arrives, according to a survey of companies' bargaining objectives.
However, employers are still keen on achieving labor concessions when it comes to the pricey arena of health care and insurance benefits.
Sixty-nine percent of those surveyed said they need to pursue savings in health care and insurance benefits.
However, 59 percent said better wages might be an option.
And where would employers most like to cut or eliminate benefits?
Prescription drug coverage led that group, with 32 percent citing that cost.
That was followed by doctor visits, 28 percent; hospital coverage, 26 percent; and surgical coverage, 26 percent.
Almost a fourth of employers that have restrictions on outsourcing or subcontracting will be seeking to curtail or eliminate those provisions in 2005.
The results are from a survey of 100 U.S. companies by Washington-based BNA, which publishes financial reports and other analysis for business.
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