By John Torinus, Jr., chairman and former CEO of Serigraph, Inc.
The conversation around health care continues to be white hot. In fact, health care is mentioned every 20 seconds in one form of media or another. There's little debate that something must to be done about the ever-rising health care costs; the point of contention is the what. Currently, health care costs for companies double on average every eight years. Insurance premiums increase at least 10 percent annually for most companies of any size, and some are seeing increases of 20 percent or more. Our organization looked at these numbers and came to the conclusion that this was an unsustainable path and that small course corrections would not ultimately solve the problem. It was apparent that our company was in the undertow of runaway health care costs, and as CEO and chairman, it fell on me and my leadership team to lead the way out of the situation toward a workable solution for the company and our employees.
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