The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Wednesday, September 10, 2014

Employee Medical Premium Cost Lower (but the news is not all good)

From time to time we report on various nuances regarding development related to the Affordable Care Act (AKA ObamaCare). Charles Gaba's ACASignups Dot Net is our or common sources of detailed enrollment and premium payment source. We also have archived pieces with Congressional Budget Office reports related to the impact of the ACA on healthcare cost as well as forecast of impact regrading Medicare. Huffington Post recently published a piece that supports other source reports of employee healthcare cost increases far less than in past years. The article is absent direct comment of the impact of the ACA on falling premium cost, but I fail to see how there can be no connection.

Here is an example chart from the piece we have partially embed.

employee health benefits

Despite the good news from the chart (above), Huffington Post's, Jeffrey Young adroitly navigates and explores the reality of employer healthcare plans and cost to employees.

Isn't it seriously pathetic we cannot have universal good news regarding employee healthcare care plans. The thought is personified and exponentially pathetic when so many large corporations shower their executives and top managers with compensation packages. 

As you read the piece, think about why so many corporate owners and uber wealthy, who derive earnings from corporations, are not supportive of universal single payer healthcare.

Huffington Post

Employee Health Insurance Costs Barely Increased This Year

Posted: Updated: 

For a change, the cost of the health insurance you get at work didn't go up much this year. 
The cost of job-based health benefits stayed nearly flat in 2014, according to survey results released Wednesday. This year's figures continue a trend of slow growth in premiums for health insurance provided by employers.
The average annual premium for a family plan rose 3 percent to $16,834, and the average price for a single worker increased 2 percent to $6,025, the Henry J. Kaiser Family Foundation and the American Hospital Association's Health Research and Educational Trust found. Workers on family plans are paying an average 29 percent of that cost, while single employees are paying 18 percent of it. The groups polled more than 2,000 small and large employers for their report.
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