PWC: Healthcare costs are hurting 57% of fast-growing private businesses

Is the healthcare crisis beginning to ebb?  Not according to business executives at fast-growth companies who responded to a recent PricewaterhouseCoopers survey.

According to the most recent Private Company Services’ Trendsetter Barometer, most fast-growth private businesses (57%) claim to have suffered an impact from increased healthcare costs over the past 12 months, and/or expect to suffer wage/hiring impacts over the next year. Specifically, higher costs contributed to slower profit-growth (43%), while 38% foresee additional wage or hiring impacts in the next year. Anticipated hardships include lower wage increases for current employees (34%), slower hiring (10%), and/or hiring of more part-time versus full time workers (10%).

The full story can be found on the PWC web site.