World Briefs (July 15, 2002)

By
|Canadian HR Reporter|Last Updated: 09/04/2003

U.S. BENEFITS COSTS STAGGERING

Washington, D.C.

— American employers paid an average of (CDN) $7,400 per covered employee for health care insurance benefits in 2001, a more than 10 per cent increase from the year before according to the Employment Policy Foundation. It was the first time in more than a decade that increases were in the double digits, and it may become too much for employers to sustain. Health-care insurance benefits made up six per cent of total employee compensation last year, but represent 19 per cent of the total increase in compensation costs for private-sector employers.