Health Insurance Daily

Rate of Rising Health Care Slows

Health care costs in Illinois and nationally are still rising at double-digit levels, but they've risen at a slower rate than a year-ago, based on a survey prepared by Bannockburn-based financial services company GCG Financial Inc.

The Chicago Sun Times reports that 252 companies in the Chicago area employing nearly 200,000 workers with projected 2005 health care costs of $1.75 billion were surveyed.

Chicago area employers' major health care related concerns are how to better manage ever increasing costs, how to offer benefits that help them attract and retain employees and how to communicate better to help employees understand and accept plan changes, said David Levitz GCG executive vice president.

posted by Mike @ 9:13 AM