Company Actually Sees Health Care Costs Decline

But not at Asheboro Elastics. In fact, health care costs at the 230-employee textile company have actually gone down by more than a quarter in the last three years.

Yet nationally, health insurance premiums nationally have risen 59 percent between 2000 and 2004, a Kaiser Family Foundation survey says. In North Carolina, there have been double digit annual increases in health insurance for the last few years, according to Business Journal research.

So what's Asheboro Elastics' secret? An on-site clinic where employees get basic medical care, prescriptions and advice on preventing and managing chronic conditions like diabetes and heart disease. Plus, the company negotiates to find the cheapest prices on drugs for employees.


Company Actually Sees Health Care Costs Decline