American Telephone and Telegraph Company
AT&T, like most large corporations, has become increasingly concerned in the last several years over the cost of health insurance for its employees. The AT&T plans, underwritten by Blue Cross-Blue Shield and other insurance carriers, cover some three million people, including roughly one million employees and retirees, and their dependents. Health insurance now represents some 5 percent of total payroll, or $750 million, compared to only 1.5 percent when the plans were first introduced in the early 1960s. Of that increase, approximately 2 percent represents plan improvements while 1.5 percent represents increased utilization of the benefit. To investigate approaches to controlling the costs of health insurance, a working group has been created at corporate headquarters, including representatives of the medical, actuarial, systems, and finance departments.
KeywordsAssure Expense Volatility Protec
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