Aug
14
2010
Why does health insurance for small business cost more than for large busines?
Posted by admin in small business health insurance, tags: Busines, health insurance, Insurance, Insurance Business, Insurance Cost, Insurance For Small Business, Large Company, Risk, Small Company
Rico asked:
The risk is the same for the individual whether they work for a small company or a large company. So why should a small business have to pay more per employee?
The risk is the same for the individual whether they work for a small company or a large company. So why should a small business have to pay more per employee?
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Why would a dozen widgets cost less per widget at Costco or Sams’s Club compared to 1 widget at the local store?
Supply and demand – but many small businesses are banding together and forming co-ops so they can have better group rates.
Numbers………….unless they have a HUGE group of like business’s like the Unions, they cannot get the reduced rates.
Larger groups can get better rates. At anything not just health insurance. Economy of scale, volume rules.