Premiums for Families in CA are Over $20,000 Per Year, Equivalent to $10/hour for a Full-time Worker “Over the last ten years, the cost of job-based health coverage–premiums and annual deductibles–has climbed steeply in California, while wages for the typical worker haven’t grown at all after accounting for inflation. Premiums have grown substantially while typical wages […]
Continue readingCost of Insurance Outpaced Increase in Incomes 2008-2018
Cost of Insurance Outpaced Increase in Incomes 2008-2018 “Added together, the total cost of premiums and potential spending on deductibles across single and family policies climbed to $7,388 in 2018 (Table 5). This ranged from a low of $5,815 in D.C. to a high of more than $8,000 in Arizona, Minnesota, Nevada, New Hampshire, New […]
Continue readingQuality of Employer-sponsored Health Insurance is Declining
Quality of Employer-Sponsored Insurance Is Declining, Placing Workers at Risk for Catastrophic Costs “…In addition to rising premiums, many workers have experienced increased out-of-pocket costs and decreased options for in-network health care providers, doctors and hospitals. One study found that the percentage of working-age adults with insurance through their job who were underinsured—meaning they face […]
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