U.S. health care costs are skyrocketing

07/10/2013

This week's excerpt from The Facts About Modern Manufacturing: Health care costs are one of the most difficult challenges facing manufacturers. In the 10 years ending in 2012, employer costs for employee health care increased 66% -- an increase in the U.S. structural cost disadvantage by an average of 5.2 percentage points per year. To put the cost burden in perspective, overall producer prices for finished goods excluding food and energy rose only 1.8% a year. Employer-provided health care costs are growing several times faster than sales prices. Manufacturing Facts

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