Health care eats up more of employers' costs
The rising cost of health care is taking a bigger chunk of the pie when it comes to the total compensation employers pay to employees.
The rising cost of health care is taking a bigger chunk of the pie when it comes to the total compensation employers pay to employees. A study by the Employee Benefit Research Institute found that although salaries remain the largest share of employers' total compensation cost, that share has been shrinking over the years. In 2004, wages and salaries accounted for 81 percent of total compensation costs, compared with 95 percent in 1950. The share going to healthcare costs has risen from 1/2 percent to 8 percent during that same time period. The share going to retirement has risen from 3 percent to 9 percent.
Newsletter
From exam room tips to practice management insights, get trusted veterinary news delivered straight to your inbox—subscribe to dvm360.
When cost is a barrier for clients: Navigating financial challenges
May 13th 2025In this Q&A article, Robyn Jaynes, DVM, director of veterinary affairs at PetSmart Charities, shares expert advice on how the veterinary profession can better support pet owners facing financial barriers to care.
Read More
