Politico: Health insurance prices set for takeoff

[brooklynite]

Following the last recession, employers had their workers pay for a larger chunk of their premium than before 2008, according to data from the Kaiser Family Foundation’s Employer Health Benefits Survey. From 2008 to 2010, the average worker’s contribution increased by 25 percent, adding an inflation-adjusted $244 more to their annual bill.

This year, employers may again ask their workers to pay up, given the softening economy and recent health trend surveys. Willis Towers Watson, an insurance advisory firm, found that three-quarters of health insurers believe their customers’ bad habits and overuse of the medical system are driving up costs.

Local government workers enrolled in New Jersey’s State Health Benefits Program were facing health insurance premium increases around 20 percent before their protests led the state to take on most of the cost increase, POLITICO’s Daniel Han and Carly Sitrin reported. Federal employees expect an 8.7 percent premium hike and their unions aren't happy about it, Sutton reported.

In the long run: As the economy grew in the pre-pandemic years, so did employers’ contributions to premiums.

https://www.politico.com/newsletters/future-pulse/2022/10/18/health-insurance-prices-set-for-takeoff-00062171

[dweller]

1. An 8.7% increase

How convenient





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