Sunday, June 29, 2008

Fewer Small Businesses Offering Group Health Insurance

More than 65% of businesses with 10 or fewer employees say high cost is the most significant barrier to their offering health insurance, according to a survey released by the National Association for the Self-Employed. Only 19% of businesses with 10 or fewer employees currently offer coverage for full-time employees, down from 46% in 2005. One in 10 respondents spent 25% or more of their gross revenue on health insurance, up from 10.1% in 2005. NASE called access to health care the single biggest barrier to people joining and remaining in the ranks of the self-employed. Read the press release.

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