The Healthcare Bottom-Line - Workers Pay More

Kaiser Family Foundation State Health Facts - The Healthcare Bottom-Line - Workers Pay More

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A recently released study by the Kaiser family Foundation examining trends in employer healthcare benefits recorded a 5% increase in healthcare premiums for 2008. Premiums for employer-provided plans now average ,704 for a single-person and ,680 for a family. These figures have increased by a thinkable, 119% since 1999. Yet, employers have not shouldered the entire burden of these rising costs. They have instead shifted costs off to their employees to the tune of a 117% increase in cost since 1999. Workers now pay, on average, ,543 for singular coverage and ,354 for family coverage. Equally ominous is the fact that a broad scrutinize of employers found that 40% of respondents expect to increase employee-contributions to all aspects of healthcare coverage in the advent year.

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Kaiser Family Foundation State Health Facts

An even more frightening photo is painted when the numbers are examined more closely. The average cost made by a laborer for a family plan has increased from 9 in 1999 to 0 in 2008. The squeeze on budgets also has a regional flavor with workers in the South paying a monthly payment of 3 for a family plan while workers in the Northeast are charged in average 6 (although a monthly payment for a single-plan of for Northeast workers is the top in the country). Employment sector and union status is other factor in the percentage a laborer will be forced to pay with wholesale, retail and finance sector workers being asked to pay nearly 20% of singular and nearly 30% of family premiums while federal/state/local government workers, who are commonly represented by trade unions, pay only 12% for singular and 21% for family.

Costs inside of plans have also increased sharply. Take for instance the charges by Hmos for visits to a physician's office. In 1999, 83% of plans charged a co-pay or less. In 2008, nearly 70% of plans payment or more. Things are even murkier when designate drugs are considered. Tiering, or creating levels of cost for pharmaceuticals, was introduce en-masse in 2000. A scale of three tiers was employed initially. The first-tier cost of drugs has increased from on average in 2000 to in 2008. However, a fourth tier was introduced widely in 2004 priced at . This cost is now and the third tier has increased from in 2000 to in 2008.

The end consequent of this squeeze is, not surprisingly, great profits for condition assurance fellowships and serious pressure on the household budgets of workers. condition assurance giants Humana (18%), United condition (5%) and Aetna (8%) have all reported behalf increases for the period from 2006 to 2008. Ceos for fellowships were well-rewarded with payment packages which amounted to million, million and million. Simultaneously, a 2005 study indicated that 50% of personal bankruptcy claims, more than 2 million, were based on debts incurred as a consequent of medical procedures. A correlation has also been made in the middle of healthcare and problems with housing together with inability to pay rent or mortgage payments.

In sum, we see that healthcare is a serious class issue. The for-profit condition principles represents a serious financial drain on working-class households and is interlinked with, the now much publicized, problems in the home-loan mortgage markets. The creation of a single-payer national healthcare assurance is therefore the very definition of the term "bailout." The only difference, and this is a key dissimilarity in a community in which corporations monopolize political power, is that instead of the government purchasing worthless mortgage-backed securities, the entire community would be relieved of the financial stress of healthcare bills and psychological anxiety of a future where healthcare is not a guarantee.

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