Monday, May 18, 2009

Out of Pocket Health Care Expenses

Gold plated health insurance plans, the ones President(Bush talked about, are few and far between in America. They're down to executive teams and a handful of lucky employees. Employee out of pocket health care costs rose 14.7 % last year. They now eat up 14% of annual household income. Reuters reported:

Employers still pay the lion's share of healthcare costs, with an average contribution of $9,947 per worker. Employees paid an average of $4,004 in payroll deductions and an additional $2,820 in out-of-pocket expenses, the report found.

That's $6,824. Get ready to pay more. Corporations don't want to and government can't afford it.

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