(AP) — Get your insurance through your employer? The ongoing political turmoil around “Obamacare” all but guarantees you’ll still be able to do that. Ask Walt Rowen, whose business is etching glass but whose experience managing century-old, family-owned Susquehanna Glass makes him something of an expert on health care. He’s provided coverage to employees, then canceled it, steering them to the health insurance exchange. But with those premiums rising, Rowen this year is again covering his 70 or so workers under the umbrella of employer-sponsored health insurance. Employer-provided health insurance is so ingrained in the American workplace that people expect it to continue even as politicians thrash out the role of government in health care. That’s according to polling, business owners and consumers. And in a nearly saturated labor market, employers don’t want to give workers a reason to work somewhere else. “I think a company — any … [Read more...] about Employer-based health coverage likely to stay awhile
Employer sponsored health plan
Washington Post WASHINGTON — Affordable Care Act advocates have been pounding a relentless drum over moves to undermine the 2010 health care law. But it’s the health coverage people secure through their workplaces that is looking less generous by the year, a new survey finds. A study released Thursday by the nonpartisan research foundation Commonwealth Fund finds the number of Americans lacking coverage didn’t worsen during the first two years of President Donald Trump’s term, despite efforts by some in the administration and Congress to ease the ACA’s coverage requirements and remove its penalty for being uninsured. What’s more, a growing pool of Americans with skimpy health insurance plans is fed by those with employer-sponsored coverage — not people buying plans on their own via the ACA’s individual marketplaces, Commonwealth found. That underscores a long-standing trend wherein employers have grappled with rising health care costs … [Read more...] about Employer-sponsored health plans getting stingier
By Melissa Patrick Kentucky Health News While much attention has recently been given to the number of people who sign up for health insurance on the federal exchange, the reality is that most people get their health insurance through their employer. A recent analysis by The Commonwealth Fund, a foundation interested in the health-care system, shows that the overall cost of employer-sponsored plans keeps going up. “The vast majority of people under age 65 in the U.S., 152 million, get their health insurance through an employer, and many of them can barely afford to pay for it. Several bipartisan policy fixes have the potential to reduce health care burdens for workers and families struggling to afford the health care they need, while also making our health system work better for everyone," Dr. David Blumenthal, president of The Commonwealth Fund, said in a news release. According to the analysis, 56 percent of people under 65 get their health insurance through an employer, … [Read more...] about Employer-sponsored health plans in Ky. saw modest cost hikes in 2017, but many people struggle with premiums, deductibles, etc.
Nonprofit health plans that control a large chunk of Minnesota’s insurance market are ready to offer better deals to hang onto their customers, consultants say, now that they have new competition from for-profit carriers. Minnetonka-based UnitedHealthcare and Connecticut-based Aetna are making a push for more health insurance business in the state following a 2017 law that opened the market to more competition from investor-owned insurance companies. However, while employers say they are happy for more options, the changes are not swift and they remain frustrated by the broader trend of escalating health care costs without obvious signs that waste is being wrung out of the system. “We still have this huge affordability issue,” said Deb Krause of the Minnesota Health Action Group, a Bloomington-based coalition of large employers that offer health plans. “We need the new competitive landscape to focus on health care innovation in terms of more efficient resource … [Read more...] about Health plan competition heats up as nonprofit insurers take on for-profit giants in Minnesota
As American workers approach this year's open-enrollment season for employer-sponsored health care plans, they can expect the same bad news they've been hearing for years: Workers are once again getting hit with more of the costs of their coverage in the form of higher premiums and higher deductibles. Annual family premiums rose 5 percent to an average of $19,616, the eighth year of increases, according to the 2018 Kaiser Family Foundation Health Benefits Survey released earlier this month. On average, workers contribute $5,547 of the cost of family coverage. Premiums for singles increased 3 percent to an average of $6,896, with workers contributing an average of $1,186. Health care premiums continue to take up more of employees' paychecks, according to Kaiser data. Since 2008, average family premiums have jumped 55 percent, twice as fast as workers' earnings and three times as fast as inflation. Meanwhile deductibles -- the amount patients pay for health care before insurance kicks … [Read more...] about Your employer’s health plan will cost more in 2019