I thought ObamaCare was going to reduce the costs of health care? Where is that $2500 in savings Mr. President?
ObamaCare has been a law for over one year. Why are costs going up?
NEW YORK (CNNMoney) — Health care costs for a family of four rose again in 2011, with employees paying a much larger share of the rising expenses, according to a new industry report Wednesday.
Just wait until Obama forces everyone off employer-paid health benefits and employees are paying 100%. That is his goal. Watch and listen to Obama saying he would like to see folks off the employer-paid health care system in 10 to 15 years:
American families who are insured through their jobs average health care costs of $19,393 this year, up 7.3%, or $1,319 from last year, according to independent actuarial and health care consulting firm Milliman Inc.
More significantly, employers are making workers shoulder an even bigger share of total health care expenses.
Of the $1,319 annual increase, workers’ out-of-pocket costs this year rose 9.2%. That was more than the 6.6% increase the prior year.
Payroll deductions for insurance coverage rose 9.3% this year, also more than the year before.
However, employers’ share of workers’ health care costs fell 6% in 2010, compared to 8% the year prior.
Of the $19,393 overall annual cost, employees’ share is inching closer to 50%, said Lorraine Mayne, principal and consulting actuary with Milliman.
“Employees are paying $8,000 of the $19,000. That’s a decent amount much larger than other areas of consumer spending,” said Mayne.
“What we’ve observed in the past few years is employers have increasingly been offering health plans with higher deductibles and co-insurance, co-payment limits,” she said.