A survey of 12,000 top-level benefit and human resource managers, owners, and CEOs of small to mid-size businesses conducted by Kaiser Permanente reports that if the financial hardship of providing health care coverage were to be rated on a medical pain scale from 1 to 10, with 10 being extreme pain, the average would be 7.7. If you think that's painful, consider the 20 percent of the managers who were surveyed who ranked their financial pain level at 10.
When they were asked about the impact of high health care costs on their company, the results were sobering:
"The cost increases associated with preserving benefits are causing these businesses to miss growth opportunities and forcing their employees to forego salary increases and other benefits," says Tom Carter, vice president for sales at Kaiser Permanente. "That's something that we, as health care providers, must be aware of and work hard to reduce."