A new Wells Fargo Benefits Marketplace Survey shows rising health care costs and a recession are driving more employers to implement cost shifting.
"The survey results validated our suspicions," said Dan Gowen, senior vice president, for Wells Fargo Insurance Services, in a statement. "As inflationary adjustments from insurance companies remain in the 10-11 percent range and companies continue to struggle in today's economy, many employees are being asked to share a greater percentage of overall health care costs."
The survey found that the majority of employers made few changes to the basic components of their plan designs, with 84 percent remaining with their current medical carrier.
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