Originally published October 18 2005
Developing companies are increasing the cost of health coverage for employees, survey finds
by Mike Adams, the Health Ranger, NaturalNews Editor
The Well-Being Index compiled by Principal Financial Group has found 41 percent of expanding companies have raised employee co-pays, while 37 percent have raised deductibles.
The rising cost of health care has American workers changing attitudes and actions in an effort to cope.
According to the Well-Being Index compiled by Principal Financial Group, 41 percent of growing companies have raised employee co-pays, 37 percent have increased deductibles and 20 percent have cut medical benefit coverage options.
As a result, the Employee Benefit Research Institute's 2005 Health Confidence Survey shows 79 percent of those asked are choosing generic drugs.
Another 71 percent say they're taking better care of themselves.
However, 40 percent are delaying going to the doctor and 21 percent are not taking prescribed medications.
Most people say that if given the choice between a pay raise and increased health care coverage, they'd take the latter.
Eighty percent say they'd prefer $6,700 in employment-based health insurance coverage rather than the identical amount in pay.
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