CFOs Plan Health Care Cutbacks

Nearly one-third of U.S. CFOs expect to make cutbacks in health care benefits for their workforce, according to a new survey by Grant Thornton LLP.

Thirty percent of 516 U.S. CFOs and senior controllers polled by the firm say they plan to reduce health care benefits, 23 percent plan to reduce bonuses and 18 percent expect to reduce stock options or equity-based compensation.

Eighty-four percent cited employee benefits such as health care and pensions as their greatest pricing pressure, up from 68 percent six months earlier.

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