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Buying the right health plan is critical to a business
When Scott Miller started his own business in 1982, he didn't know the first thing about buying health insurance for his employees.
As president and chief executive of AMX Corp., his expertise lay in audio and visual remote control systems used in boardrooms. But it didn't take long for Miller to understand the significance of employee health care to his business.
He recognized that investing in health care benefits affected his bottom line, but also he saw that not investing in medical benefits affected employment.
"To get good people, you really do have to at least have a decent insurance program," Miller said.
Miller started the company with about five workers and today has almost 160 employees.
He said the man hours spent solely on employee health insurance matters total about 10 per week and that the amount of money AMX spends on medical benefits is significant.