Many employers are finding it increasingly difficult

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Unformatted text preview: rs are finding it increasingly difficult to keep up with the escalating costs of covering their employees. In that same time period, health insurance premiums among private-sector workers enrolled in their employer’s plan rose 7.6% on average for an individual and 12.1% for a family. In 2010, the average cost of an employer-sponsored policy in continued on page 80 COLORADO SMALL GROUP MARKET COVERED LIVES 2000–2010 537,996 400,000 267,411 300,000 200,000 100,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Colorado Department of Regulatory Affairs, Division of Insurance, 2010 Small Group Market Activity and Rating Flexibility Report. 79 2012 Colorado Business Economic Outlook Education and Health Services continued from page 79 Colorado for an individual was $4,630 and $13,393 for a family, but it is higher for small group coverage, according to the U.S. Department of Health and Human Services. Colorado Small Group Market The impact of rising healthcare costs on small group employers (50 or fewer employees) remains especially challenging. The 2010 Colorad...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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