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.Wasn't ObamaCare supposed to give us health insurance utopia?
Workers continue to be squeezed by rising insurance costs, eroding benefits and stagnant wages, the report from the nonprofit Commonwealth Fund found.
Nationwide, 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."
Thursday, January 08, 2015
Workers paying more for health insurance, but getting fewer benefits
The Chicago Tribune reports: