Most U.S. workers who have health plans through their employers must cover at least some expenses before their insurance kicks in, and those out-of-pocket costs have risen eight times as fast as wages, a closely watched study found.
American employers are the largest source of health coverage in the country, insuring about 152 million people. Over the past decade, they've asked workers to shoulder a greater and greater share of medical costs, in a system-wide redistribution of risk that shows no signs of abating.
New data from an annual survey by the Kaiser Family Foundation, a health-policy research group, shows health benefits are steadily becoming more expensive for both workers and employers. As total costs increase, higher deductibles expose workers to increased financial risk when they fall ill.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
