Ready or not, health reform is coming

| Print |  Email
Articles - November 2010
Thursday, October 21, 2010
Struggling with rising costs

1110_HealthGraph01A few more years of business-as-usual in the health care world could be bad news for John Clark and his Gresham rubber stamp company Stamp-Connection.

Four years after he started his business in 2001, Clark began offering his employees — he has 11 total, including himself — 100% paid medical, dental and life insurance. He also covers his family and those of three managers.

Double-digit price increases over the past three years, however, have begun to tighten the line. The health benefits now cost the company, which has annual revenues of about $1.25 million, roughly $90,000 a year. And Clark is expecting similar increases over the next few years, which is why he’s anxious for health care reform to kick in.

“Any change is good at this point because the status quo is just killing us,” he says, noting that offering handsome benefits has helped him attract loyal, long-term employees. “We can’t keep going at this rate.”

To help deal with the cost increases thus far, co-pays for Stamp-Connection employees have risen slightly. If the expenses continue to rise, Clark says he may have to ask employees to contribute toward their monthly premiums. He says he also is concerned that costs could shoot up precipitously on the way to 2014 as health providers scramble to generate as much revenue as possible before new regulations take effect.

Under the federal reform, small businesses like Stamp-Connection that offer health benefits may be eligible for additional tax credits. Clarks says he’s also looking forward to the new insurance exchange, which he says might offer lower prices or at least make current providers more competitive.

But a lot could happen between now and 2014, so Clark isn’t looking at any of the reforms as definite. Instead, he’ll continue offering his employees the best benefits he can, encourage wellness among his workers and keep his fingers crossed that whatever comes of health care reform will be good for business — and the country.

“The next three years are going to be very telling as to how we shake this out,” he says, “but as a society, we really do need to shake this out.”



 

Comments   

 
Lisa
0 #1 It's Early Enough and the News is All BadLisa 2010-10-26 11:47:30
This bill was not about healthcare it was about government control. It has added burdensome regulations, totally unrelated to healthcare (the 1099 requirements for purchases), took over student loans and requires hiring of tens of thousands of IRS agents. What does this have to do with healthcare? NOTHING.

They did nothing to reduce costs such as tort reform or allowing purchases across state lines, or relief from all of the mandates. They got rid of HSAs that gave PATIENTS control over healthcare dollars. Do you want to know WHY costs of insurance go up? Require more services, require all companies to take on the high risk customers instead of funding a 'high risk' pool for those who find insurance difficult or impossible to purchase.

This bill was written by lawyers, for lawyers and will require the hiring of even more lawyers. It's enough to make anyone sick!
Quote | Report to administrator
 

More Articles

Business partnerships: taming the three-headed monster

Contributed Blogs
Monday, July 06, 2015
070615-businessmarriagefail-thumbBY KATHERINE HEEKIN | OB GUEST COLUMNIST

Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.


Read more...

The Cover Story

Linda Baker
Thursday, August 27, 2015
01-cover-0915-thumbBY LINDA BAKER | EDITOR

How do you put a baby on the cover of a business magazine without it looking too cutesy?


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Money Troubles

September 2015
Thursday, August 20, 2015
BY DAN COOK

The state’s angel investing fund gets hammered in Salem.


Read more...

Storyteller in Chief: Natural Prophets

July/August 2015
Monday, July 13, 2015
BY SAM BLACKMAN

Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.


Read more...

Greenpeace (temporarily) prevents Shell oil ship from leaving Portland

The Latest
Thursday, July 30, 2015
hangersBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

Greenpeace activists suspended themselves from the St. John's Bridge in an attempt to prevent a ship from heading to the Arctic.


Read more...

Aim High

September 2015
Thursday, August 20, 2015
BY JOE CORTRIGHT

We get the education we deserve.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS