Harvard University’s top financial officials are sounding an alarm about the rising cost of medical benefits for its employees, saying in the school’s annual report that costs are growing at a rate that is “unsupportable” by revenues. It is the first time Harvard has addressed employee health care so directly in the report, which is being released Friday. In their 2012 financial overview of the nation’s richest university, officials said that while they want to keep offering generous benefits, Harvard “cannot simply continue with the status quo.”
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