Business Services Industry
Escalating Costs for Workers Continues to Haunt Employers.
Knight Ridder/Tribune Business News, June, 2003
By Darrin Schlegel, Houston Chronicle Knight Ridder/Tribune Business News
Jun. 27--Simmons & Company International prides itself on providing robust health benefits and letting employees see the doctor of their choice.
And despite a 20 percent increase in the cost of providing that care next year, the investment banking firm says it is holding the line on deductibles and employee co-pays for prescription drugs and office visits.
But according to an annual survey released Thursday, Simmons is a dying breed.
Across Houston, workers are being asked to shoulder more of the burden of the health care price tag even as their benefits dwindle.
A lackluster economy and four years' worth of double-digit increases in costs have...
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