Amid Rising Healthcare Costs, Small Businesses Can Take Steps to Manage Their Costs

Over the last 60 years, healthcare costs in the United States have outpaced inflation and wage growth. These cost increases often get passed onto businesses and their employees. With over 180 million Americans getting their healthcare through employer-sponsored plans, and health insurance premiums potentially increasing by double digits in 2025 in some states, empowering entrepreneurs to better manage these rising costs could have a significant impact not only on the health of our workforce, but also on the health of our economy.

Health care benefits are difficult to navigate, causing unnecessary angst and worry for our nation’s small business owners. Therefore, we see an imperative to combine our expertise as the nation’s leading small business bank with deep healthcare...

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