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|Articles - November 2010|
|Thursday, October 21, 2010|
Page 2 of 4Struggling with rising costs
A 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.”
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BY CHRIS NOBLE
As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
Friday, November 20, 2015
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It’s been a volatile year in equities and heading into the holiday season, it doesn’t look like these market extremes will dissipate.
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A conversation with Patrick Curran, CEO of CareOregon.
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The refugee crisis has put immigration and border issues on the front burner, in Europe and at home. In Oregon, attitudes toward illegal immigration haven’t changed dramatically since 2006.
Friday, October 30, 2015
BY LINDA BAKER
This is a story about a small plastics company in wine country now exporting more than one million feet — 260 miles worth — of tubing to China every month.
Tuesday, November 03, 2015
Two trends dominate the manufacturing sector: onshoring and the rise of small-scale production manufacturing, known as the "maker economy."
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