Employees pay 130% more for health care than a decade ago

Well there’s a depressing headline. “Marketwatch” published the story late last week, concluding that in 2015, employees of midsize and large companies paid an average of $4,700 for their health insurance. In 2005, the average was only $2,001.

Tara Courtland

Communications Director Tara Courtland

The Aon Hewitt analysis concluded that much of the reason is that employers are looking to save money by trimming their insurance plans.

The study found that 38 percent of employers increased their participants’ deductibles and/or copays in the last year while another 46 percent said they may do so in the future.

About 18 percent of companies are also reducing subsidies for employee family members and 43 percent are looking at having employees pay per person instead of getting whole-family pricing.

So what’s the good news? If there’s any silver lining, it’s that the increases are getting smaller.

The average 2015 increase in employee health costs was 3.2 percent, a record-breaking low since 1996.

So while nothing here is good news, hopefully 2016 will bring us even more less-bad.

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About Tara Courtland

Tara Courtland is the communications director at NEMT.
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