Small Businesses Hurt By Rising Health Care Costs
Small businesses are finding it difficult to keep up with rising health insurance costs sweeping the nation.
The National Small Business Association did a recent survey of over 800 small businesses and found that most of those offering health benefits saw them as necessary for recruiting and retaining workers.
About 90% of those business owners reported an increase in costs in their last renewal. Only 41% of companies with zero to five employees are now offering health coverage, and the concern is that with costs on the rise, even larger small businesses will have to cut back.
This survey was only "the tip of the iceberg when it comes to health-care costs for small businesses," Rick Murray, the CEO of the Arizona Small Business Association, told the East Arizona Courier. "Although...