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Paychecks to Shrink Because of Higher Health Premiums, U.S. Companies Say

Written by Jeffrey Young Friday, 20 August 2010 00:00

alt Workers will pay more for their health care next year as U.S. companies prepare for provisions of the overhaul signed into law by President Barack Obama, according to a survey released today.

About 63 percent of businesses plan to make employees pay a higher percentage of their premium costs in 2011, said the Washington-based National Business Group on Health, which surveyed 72 companies that employ more than 3.7 million people. The survey showed 46 percent plan to raise the maximum level of out-of-pocket costs that workers must bear.

The companies surveyed expect their costs of health-care benefits to rise an average of 8.9 percent next year. The legislation Obama signed in March will contribute an estimated 1 percentage point to the higher expense, Helen Darling, the business group’s president, said at a press conference in Washington today. Employee-paid portions may see small increases, she said.

“They’re usually very small increments,” Darling said. “It could be as little as 1 percent.”

Jeffrey Young at Bloomberg

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Author of this article: Jeffrey Young

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