Posted on 01/07/2015 10:34:40 PM PST by grundle
Although the Affordable Care Act has not led to soaring insurance costs, as many critics claimed it would, the law hasn't provided much relief to American workers either, according to a new study of employer-provided health benefits.
Workers continue to be squeezed by rising insurance costs, eroding benefits and stagnant wages, the report from the nonproNationwide, the average contribution an employee made to an insurance premium in 2013 and the average deductible together represented 9.6% of the median income of American households with members under age 65.
That is up from 8.4% in 2010 and nearly double the 5.3% that households were paying for employer-provided health coverage in 2003.
"Workers are paying more but getting less protective benefits," the report's authors noted. "Although the Affordable Care Act offers a platform from which to build, securing a more affordable future will likely require action beyond those reforms, focusing on costs of care, particularly for the privately insured."fit Commonwealth Fund found.
(Excerpt) Read more at chicagotribune.com ...
I am certainly no proponent of UHC--to put it mildly!--but even that would probably represent a fairly large step up from ObamaCare...
Single payer.
The poor and working class are being pushed into Medicaid.
They cannot afford private health insurance.
The insurance industry got too greedy when it jumped on the Obamacare bandwagon and dug its own grave.
Private health insurance is on its way out in this country.
"Supporters of the law hoped it would also modulate skyrocketing costs, which had dramatically pushed up premiums and cost-sharing through the 2000s."
Sure, EMTALA (mandating care be provided in the ER to the uninsured) which passed in 1986 caused the cost problem in the first place. So, why not try it again by just giving the uninsured "free" insurance for everything. What could possibly go wrong? Morons.
Where’s that story about Boner buying all the health insurance stocks in 2008, thus explaining his support for ZeroCare. Still waiting for that to be the Fox lead story...
His reply..."Ehhh...the Feds took all of the good business 30 years ago." Look at the goons running things...think he's kidding?
whattya mean, reduced care??? I can now get a free sex change. I’ve been waiting 64 years for that!
This from the paper who sued to open Ryan’s child custody documents to help Obama win!
Not news
WHY do people always end up, up to their eyeballs in the quicksand before they realize, “hey.. we’re in quicksand!”
Yeah, all I know is that we are paying more for insurance, and more on deductibles. Every time the premiums go up, the service goes down. Now that the government is cutting back on Medicaid payments, we can expect another premium rise, and higher deductibles. Somebody has to pay the doctors.
You are correct. The insurance industry eagerly signed on to it’s own extinction in exchange for a few quarters of fat profits and huge bonuses. I blame MBA programs.
Every time I see the name, "Boner," I think the reference is to the mayor of Nashville (where I used to reside) between 1987 and 1991 (and previously, a US Congressman from Tennessee's 5th District).
Bill Boner was a liberal Democrat--one of the last of his breed to be elected in the Volunteer State...
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