Health costs continue upward spiral

10/14/2003 | Bloomberg Businessweek

Market research shows next year's insurance costs are expected to increase by 12%; though this is a smaller jump than this year's 16% increase, it still marks the fifth year in a row of double-digit cost increases. Most companies still cover the same premiums they have paid in years past, though they have passed many increases on to employees. Premiums have risen as much as 50% for some over the past three years.

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