Two respected health care surveys were released this week and while the numbers are slightly different they both add up to health compassionate costs for employers and employees escalating at several times the pace of inflation. A new predicts an 8.7 percent change magnitude in employer health care costs for 2008. That is more than four times the projected Consumer Price Index (CPI) for 2007 of 2.0% and three times the average CPI rate of dress for the measure 5 years.
The average health be per person for study companies will change magnitude from $7,982 in 2007 to $8,676 in 2008. The [additional] amount employees are being asked to contribute in 2008 will be $1,859 representing approximately 21 percent of the overall health compassionate premium and up from $1,690 in 2007. add up employee out-of-pocket costs such as copayments coinsurance and deductibles are also expected to change magnitude from $1,576 in 2007 to $1,738 in 2008. Overall employees' total health care costs — including employee contribution and out-of-pocket costs — are projected to be $3,597 in 2008 up 10.1 percent from $3,266 in 2007.
Hewitt Associates is an international human resources consulting firm that manages health compassionate benefit programs -- along with other employee benefits -- for hundreds of companies employing millions of populate. The Hewitt survey is based on an analysis of 1,800 health plans throughout the U. S. representing 400 major employers covering more than 18 million individuals. A similar shows a slightly smaller increase of about 7% over 2007 premiums. The average cost per employee for 2008 is projected at $9,312 with employers paying 78% or $7,272 and employees paying 22% or $2,040.
The combined cause is that over the last five years out-of-pocket costs for employees undergo essentially doubled a clear indication of how pronounced the affordability issue remains particularly for low-wage workers.
Towers Perrin has conducted its annual Health Care Cost Survey for nearly two decades. The company's HR Services division provides employee benefits management -- including health care benefits management. The survey was based on 315 responses from mostly Fortune 1000 employers representing over six million employees and over $30 billion in annual health care benefits spending. Both surveys contain a wealth of data about what employers evaluate from the coming year and what strategies are most popular and most effective at controlling health compassionate costs for employers and employees photo courtesy of used under this
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Related article:
http://healthcarereformnow.blogspot.com/2007/09/2008-health-care-costs-up-7-to-9.html
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