Healthcare Benefits: Can Companies Cut Costs by Removing?

21 May 2026 · 1 min

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In this brief segment, the speaker recounts a recent call from a company whose health insurance expenses have surpassed its payroll, creating a financial strain that prevents the firm from granting raises. The rising cost of benefits is causing employees to miss out on salary increases, prompting the employer to consider drastic measures such as eliminating benefits entirely. However, the speaker notes that the companies they speak with are reluctant to abandon employee benefits because they care about their workforce and do not want to “feed them to the wolves.” The speaker positions themselves as a guide, seeking to help these employers navigate the dilemma between cutting benefits and supporting their staff.

Chapters

I got a call about 2 weeks ago from a company. They're like, our employees, it's our health insurance is more than our payroll. Oh wow. Now, you know, we can't continue to do this. What if we wanna give raises? And that's become something now is people aren't getting raises because the health insurance is going up. So what do they do? You know, do they scrap benefits altogether? But what I'm finding, at least the ones I'm talking to because they're calling, is they don't wanna just, these are their employees. Yeah, they care about them. They don't wanna just send 'em out, you know, they don't wanna feed 'em to the wolves. They want to help them and, you know, send me in to guide them along the way.