Family premiums for employer-based health insurance rose by about 5% this year, to $13,375 annually, with workers paying an average share of $3,515 and employers paying $9,860, according to the Kaiser Family Foundation and the American Hospital Association's Health Research & Educational Trust.
Worker coverage costs double in decade: study
Since a decade ago, premiums have risen 131%. By comparison, worker wages rose 38% and inflation is up 28% since 1999. Workers' share of healthcare contributions rose 128% over the decade, according to the survey.
Some 60% of firms surveyed offered health coverage to workers, and 21% said they reduced the scope of benefits during the recession while 15% increased workers' share of premium costs. Higher annual deductibles paid by workers helped moderate the overall premium-rate increase, researchers said. Some 13% of workers had plans with annual deductibles of $1,000 or more for single coverage. Smaller firms were less likely to offer coverage, with 46% of employers that have fewer than 10 workers providing the benefits. The 11th annual report surveyed 3,188 randomly selected nonfederal public and private companies between January and May.
“I think it's a combination of rising healthcare costs and the recession that creates the pain we have now,” said Kaiser President and CEO Drew Altman.
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