Blue Daily
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Survey: Michigan Small Businesses Can’t Afford to Hire New Employees, Invest in Resources Due to Rising Health Care Costs
- A recent survey revealed 76% of small businesses struggle to hire due to health care costs and 83% said these costs impact investment in other business areas.
- Hospital and prescription drug costs significantly outpace the current 2.3% inflation rate, hindering health insurance affordability for small businesses, according to the survey.
- Experts advocate for a shift to value-based care, focusing on patient outcomes rather than the current fee-for-service model.
