Quote:
Originally Posted by Island-Ho
What happened to the profits from all the past good years?
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For a lot of small businesses, a very large chunk of money is going right out the door every month for health insurance premiums. In our case, we've experienced double-digit increases every year for many years, despite having only two single, healthy, non-smoking employees. We raise deductibles and lower benefits year after year, but it seems there's no end in sight.
We set up HSAs, but found that they offer only a negligible premium decrease for the employer, along with a lot of record-keeping and expense for the employee. HSAs are simply a means to shift the cost from the employer to the employee - hardly a solution to a real and growing problem.