September 3, 2010

WHICH IS, UNFORTUNATELY, THE ONLY WAY TO MAKE VOTERS CARE ABOUT HEALTH COSTS:

Workers bear larger share of health premium costs (TOM MURPHY, 09/02/2010, AP)

Workers are paying a larger portion of their health insurance costs as businesses shift more of the burden to their employees to help ride out the economic downturn, an annual study shows.

The average employee contribution toward premiums for family coverage climbed 14 percent this year to nearly $4,000, according to a report by the Kaiser Family Foundation and the Health Research and Educational Trust released Thursday. Contributions for single coverage grew 15 percent. But total premiums — the amount split by the employer and employee — rose a modest 3 percent for family coverage and 5 percent for single employees this year.

Companies that offer benefits still pay at least 70 percent of the total premium, on average, for their workers. But this year, companies passed most of the premium increases on to employees instead of absorbing them as they usually do, something researchers had not seen before, Kaiser CEO Drew Altman said.


HSAs are even more appealing if it's your own money you're wasting on comprehensive insurance.

Posted by Orrin Judd at September 3, 2010 5:33 AM
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