A NATIONAL SURVEY that included New Jersey employers found the health benefits costs of large Garden State companies rose 6.6 percent in 2009, to an average of $10,522 per worker - and employers said they will try to control health care inflation in 2010 by shifting costs to employees, making changes to their plans or switching insurers.
Survey: N.J. health benefits costs up 6% N.J. businesses Employers launch measures to control spending for coming year ductibles, co-pays or out-of-pocket maximums. While the survey only broke out large-em- could get boost from Goldman’s By Beth fitzgerald of Mercer’s annual survey of employer-spon- ployer results for new Jersey, the nationwide A nATionAl SurVEY that included new sored health plans. study included large and small employers. Jersey employers found the health benefits new Jersey respondents estimated that if Small employers cut health costs by moving $500M initiative costs of large Garden State companies rose they made no changes to their current plan, employees into high-deductible policies. 6.6 percent in 2009, to an average of $10,522 costs would rise by 10.2 percent in 2010. How- “Small and large employers used differ- per worker — and employers said they will ever, they expect to lower their cost increase to ent strategies to keep cost growth down in try to control health care inflation in 2010 by 6.1 percent by making changes to plan design 2009,” said Rich Fuerstenberg, a consultant shifting costs to employees, making changes and switching to a new health care provider. with mercer’s health and benefits business By martin c. daks to their plans or switching insurers. Forty-seven percent said they will shift in Princeton. u A $500 million small-business initiative The results, released last week, were part costs to their employees in 2010 by raising de- E-mail to firstname.lastname@example.org launched by The Goldman Sachs Group could mean more opportunities for entrepreneurs in new Jersey and elsewhere, say some observers. or it could be a big dud. in the wake of the Wall Street firm’s 10,000 Women initiative — which taps aca- demic institutions and nonprofit entities to provide assistance to female entrepreneurs around the world — Goldman announced it developed 10,000 Small Businesses, a five- year program designed to offer loans and grants to small businesses while linking them to community colleges, universities and other institutions that will provide business and management education. in last week’s announcement, Goldman committed to providing $200 million to edu- cational institutions for scholarships aimed at “underserved small-business owners.” The com- pany also will contribute $300 million to lending and philanthropic organizations to “increase the amount of growth capital available to small businesses in underserved communities.” As part of the initiative, Goldman Sachs also will tap its own employees, and will work
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