Michael D. Klansek knew something was up with his company when he read Towers Watson statistics earlier this year that showed total health care costs per employee per year are at $11,176. His PEPY costs in 2011? $7,707. And they’ve been that way since 2006.
With 278 employees, if they were the “average” company Towers Watson refers to, they would be spending almost $1 million more on health care each year.