Business and Healthcare Employee spending for health insurance coverage has increased 126 percent between 2000 and 2004. (2005) The average cost of health-care per employee will exceed $5,500.00 this year, up to 60 percent from $3,074.00 in 1998. (2003) Health-care expenses are outpacing inflation by three times or more. BUSINESSES ARE LOOKING FOR "BUSINESS - INTELLIGENCE TOOLS" TO LOWER HEALTHCARE COST. Businesses are dropping many healthcare benefits to cut costs. Companies are constantly tweaking, or even switching health-care plans in an attempt to look for ways to save money. AT&T pays $3 million a day for healthcare coverage for its employees. (2003) The Chrysler Corporation adds greater than $1000.00 to each vehicle's overall costs to pay for employee healthcare expenses. General Motors Corp., the biggest private U.S. buyer of healthcare with 1.2 million employees spent $4.5 billion on Healthcare last year. $1.4 billion of that was spent on prescription drugs. (2004) Copyright © 2007 Kare Information Services,Inc. All Rights Reserved.