Health Insurance Premiums Outpace Workers&#39; Wages
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Premiums for employer-sponsored health insurance in the United States are rising five times faster than workers&#39; earnings, a survey released Thursday shows.
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American workers are paying more for their health insurance and getting less than they were four years ago, and the situation is particularly acute in several states important
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Onus is on workers to buy health insurance as rising costs force firms to end perk.
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Employer-sponsored health insurance premiums increased an average of 11.2% in 2004 -- less than last yearâs 13.9% increase, but still the fourth consecutive year of double-digit growth, according to the 2004 Annual Employer Health Benefits Survey
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A healthcare advocacy group says health insurance premiums paid by US workers rose nearly three times faster than average earnings in the past four years.
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Employers&#39; healthcare costs are expected to increase by an average of 11.3 percent in 2005, which outpaces inflation but is lower than 12.
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American workers are paying more for their health insurance and getting less than they were four years ago, and the situation is particularly acute in several states important in the presidential race, said a consumer group that has been critical of
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Workers in small businesses are less likely to receive health insurance from their employers, as premiums rose by 11.2% over the last year.
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The health insurer beats some estimates and raises others.
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Health insurance premiums for federal employees and retirees will increase by an average of 2.1 percent next year, the Office of Personnel Management announced this afternoon.
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Employers face continued double-digit increases in health-care costs in 2005 and likely will require their workers to pay an even greater share of the bill, according to a new survey of more than 900 companies.
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The increasing cost of health insurance is putting coverage out of reach for many small to midsize companies and their workers, even though the rise in premiums this year was the lowest increase in eight years.
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Privately insured, low-income workers with chronic medical conditions such as diabetes and asthma are being financially squeezed as employers shift the burden of higher health care costs to employees, a new study found.    The number of such individuals spending more than 5 percent of their income on out-of-pocket medical costs soared 48 percent to 2.2 million people from 2001 to 2003, according to a study released Thursday by the Center for Health System Change...
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Retirees who receive health benefits from their former employers saw premiums shoot up an average of 25 percent this year, a new study says.
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Employers are facing continued double-digit increases in health care costs in 2005 and likely will require their workers to pay an even greater share of the bill, according to a new survey of more than 900 firms.
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Sept. 28, 2004 -- Health insurance prices far outstripped wages over the last four years, leaving Americans with less coverage at a far greater cost, according to a study unveiled Tuesday.
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Weekly deductions for premiums, higher co-payments and deductibles are all part of the health care package now taking shape for Kroger workers, union officials say.