Friday, September 3, 2010

Workers Absorbed Increases in Health Insurance Costs - NYTimes.com

Very Important! Most people will see an increase as related to the Healthcare Law. They should scrap that idea. For years employers has been passing the cost to workers - thus the reason for the Healthcare Law or the 2003 Drug bill. The transfer of cost helps the bottom line, while hit the employee in the pocket!

Workers Absorbed Increases in Health Insurance Costs - NYTimes.com: "As health care costs continue their relentless climb, companies are increasingly passing on higher premium costs to workers.

The shift is occurring, policy analysts and others say, as employers feel more pressure from the weak economy and the threat of even more expensive coverage under the new health care law.

In contrast to past practices of absorbing higher prices, some companies chose this year to keep their costs the same by passing the entire increase in premiums for family coverage onto their workers, according to a new survey released on Thursday by the Kaiser Family Foundation, a nonprofit research group."

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