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March 30 - April 5, 2001

Skyrocketing Health Insurance Costs

Repercussions for Asian American businesses

By Ron Chepesiuk

Last month, Lily Phang, owner of Mango Press in San Francisco, met with a diverse group of female entrepreneurs. After much discussion about the trials and tribulations of being small business owners in a global economy, they all agreed on one thing: The high cost of employee health insurance was making it difficult to thrive, or even survive.

“We felt that the cost is making it hard to compete with the big players in our industries,” Phang said. “[Employee] health insurance is a lot cheaper for big companies, and that makes it much easier for them to attract talent.”

COMPLETE STORY...

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