Report: One in Ten Companies To Axe Health Coverage

Nearly 10 percent of companies plan to drop the health coverage they offer their employees over the next several years as insurance costs continue to rise, Global Post reports. 

According to a survey conducted by Deloitte, 80 percent of companies plan on maintaining their coverage while the remaining ones are unsure as to how they'll proceed. The survey was administered before the .  

Small companies which employ between 50 and 100 people were likely to drop their health coverage, according to the survey, while larger companies with 1,000 or more employees were likely to continue offering it. 

Companies are planning to pass rising health care costs on to their employees via increasing copays, deductibles and premiums, according to the report.

Last year, the average health care costs rose nine percent while wages on average increased two percent.