WASHINGTON — Healthcare costs for Americans who get medical coverage through an employer hit a record $16,771 per family this year, and they are having to pay more themselves, a report released on Monday showed. Employers trying to save money in the current recession have forced workers to take on a greater portion of their healthcare costs, according to Milliman Inc., the consulting firm that prepared the report. That trend could accelerate the longer the recession lasts, the report stated. An estimated 170 million Americans get their health insurance through an employer. Healthcare costs, both payroll deductions and out-of-pocket medical expenses, now eat up 14 percent of the average household income of about $50,000 for these people, the study found. Costs grew by an average of $1,162 per family this year from an average of $15,609 last year, the report said. While employers’ contribution to workers’ monthly premiums increased by 5.4 percent over the past year, employees’ contributions went up 14.7 percent, the third straight year of double-digit increases, the report said. Employers still pay the lion’s share of healthcare costs, with an average contribution of $9,947 per worker. Employees paid an average of […]
Tuesday, May 19th, 2009
U.S. Workers Paying More for Healthcare: Report
Author:
Source: Reuters
Publication Date: Mon May 18, 2009 12:26pm EDT
Link: U.S. Workers Paying More for Healthcare: Report
Source: Reuters
Publication Date: Mon May 18, 2009 12:26pm EDT
Link: U.S. Workers Paying More for Healthcare: Report
Stephan: The question that fascinates me is how bad does it have to get for ordinary people before they just rise up against the illness profit industry and take to the streets as we did with the Civil Rights Movement, or the anti-war movement during the Viet Nam era. I am not sure anything short of that will break the vampire stranglehold this industry has on our culture, because the money we give them is so vast it gives them virtually unlimited funds to suborne the Congress.