At the center of the ongoing political debate is the question of how to counteract the continuous increase of medical procedures and insurance premiums. This has also become an increasing dilemma for small businesses as they attempt to neutralize the effects of an economic recession. In fact, in some states the cost of insurance premiums for small businesses has risen more than 140% over the past seven years.

These insurance rate increases actually outweigh the overall increase in operating costs of for hospitals and doctors. For example, while operating costs in the last 4 years have on average increased between 35-40% for health care providers, small business owners are said to have experienced an increase in insurance rates of upwards of 55%.

Read the full post on Increased Insurance Rates & Small Businesses.