Harvard University’s top financial officials are sounding an alarm about the rising cost of medical benefits for its employees, saying costs are growing at a rate “unsupportable” relative to revenues.
In Harvard’s annual report, being released Friday, officials said that while they want to keep offering generous benefits, the school “cannot simply continue with the status quo.” It is the first time the nation’s richest university has addressed employee health care so directly.
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"Fair and competitive compensation" - that's a wonderful meaningless phrase, don't you think?