Rising Health Premiums Push More Small Businesses to Drop Coverage
More people are eligible for health care insurance through work, but a new study shows many companies say costs are too high to offer it.
BY BRUCE CRUMLEY @BRUCEC_INC
Photo: Getty Images
Health insurance costs are rising even faster than the current 2.7 percent annual inflation rate, and experts expect double-digit surges in 2026. A major consequence of spiking prices is that a growing number of small-business owners say they can no longer afford to offer their employees health care coverage.
A recent report from the Employee Benefit Research Institute (EBRI) reviewed trends in company-provided medical insurance between 1996 and 2024. The last few........
