Clients to Bear Greater Cost of Health Care

August 2002
Journal of Financial Planning;Aug2002, Vol. 15 Issue 8, p27
Academic Journal
This article reports on results of the studies by the Council of Insurance Agents Brokers and UCLA Andersen Forecast concerning the increasing health care costs in the U.S. as of August 2002. The studies found that 72 percent of firms with 50 or fewer employees, 77 percent of those with 51 to 500 employees and 60 percent of those with 501 or more employees experienced premium hikes of 10 to 30 percent from March to August 2002. 23 percent of the small firms and 20 percent of the medium firms saw premiums increase of 30 to 50 percent. 80 percent of employers predict double-digit increases in 2003. 50 percent of employers changed plans in order to shift more cost to employees. Employees are helping to pay for the increases through higher premium contributions, and higher deductibles and co-pays. Employers are either dropping traditionally free dental and vision care or having employees pay for it.


Related Articles

  • Rx-only consumer-driven plans hit market. Elswick, Jill // Employee Benefit News;Dec2003, Vol. 17 Issue 15, p1 

    Reports on consumer-driven health care plans, which are considered a way to provide a health reimbursement arrangement for employees to pay the full cost of medical care. Integration of prescription drug coverage in some of the plans; Decision of Prime Therapeutics, a pharmacy benefit manager,...

  • Spreading More Costs To Employees.  // HR Magazine;Dec2010, Vol. 55 Issue 12, p60 

    The article presents information on survey conducted by the National Business Group on Health on how employers plan to shift more health care costs to employees.

  • Finances of Employee Benefits: Health Costs Drive Changing Trends.  // Benefits Quarterly;2006 First Quarter, Vol. 22 Issue 1, p64 

    The article relates that rising health costs are approaching retirement costs, according to an article which appeared in the December 2005 issue of "EBRI Notes." Since the late 1980s, the percentage allocated for voluntary retirement benefits has declined, while the amount for employer-sponsored...

  • How to defang the health-care cost monster. Miller, Matthew // Fortune;4/19/2004, Vol. 149 Issue 8, p66 

    Offers a look at the cost of health care in the United States as of April 2004. Cost of the prescription drug bill put forth by the President George W. Bush administration; Discussion of employer-sponsored health insurance costs; Problems with the cost shifts in medical care; Importance of...

  • The Health Care Rubik's Cube. Robinson, James C. // Health Affairs;May/Jun2008, Vol. 27 Issue 3, p619 

    The article discusses health reform by changing the entire system of health care policy. Papers on health care reform are presented to illuminate on the interconnections in order to facilitate changes in some parts and thereby the whole complex and interdependent health care system. Changes in...

  • Should We Be Worried About High Real Medical Spending Growth In The United States? Pauly, Mark V. // Health Affairs;2003 Supplement, Vol. 22 Issue 1, p15 

    This paper argues that increases in medical spending growth are not necessarily causes for alarm or reasons for strong action. Especially in the private sector, increases in employers' payments for benefits should often be offset with smaller raises; whether employees' cost shares should be...

  • RESHAPING MEDICARE FOR WELLNESS.  // Ardell Wellness Report;Summer2005, Issue 70, p4 

    Suggests a strategy for making best use of limited Medicare dollars. Goal of a shift in Medicare spending; How the shift from doctors and hospital services that sustain life to exercise and other initiatives that enhance life quality can be done.

  • Cost of illness and its predictors for Parkinson's disease in Germany. Spottke, Annika E.; Reuter, Martin; Machat, Olaf; Bornschein, Bernhard; von Campenhausen, Sonja; Berger, Karin; Koehne-Volland, Rudolf; Rieke, Jürgen; Simonow, Alexander; Brandstaedter, Dirk; Siebert, Uwe; Oertel, Wolfgang H.; Ulm, Gudrun; Dodel, Richard; Rieke, Jürgen // PharmacoEconomics;2005, Vol. 23 Issue 8, p817 

    Objective: To prospectively evaluate the health economic burden of patients with Parkinson’s disease (PD) in Germany over a 6-month observation period and to identify the predictors of these costs. Study design and methods: Direct and indirect costs were evaluated in 145 patients with PD...

  • Hospital Tiering: How Will It Play In Peoria? Ginsburg, Marjorie E. // Health Affairs;2003 Supplement, Vol. 22 Issue 1, p154 

    Cost-sharing strategies such as hospital tiering will require consumers to make cost-benefit decisions where they have little experience. This responsibility may be further challenged by prevailing consumer perspectives: that health insurance is an open-ended service benefit; that medical...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics