Employer-Sponsored Family Health Premiums Eat Up Almost a Third of Household Income

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    • #49920
      • Total Posts: 10,257

      Employer-Sponsored Family Health Premiums Eat Up Almost a Third of Household Income

      For many workers, one benefit offered is health insurance for the worker, paid by the company, with the option to extend coverage to a worker’s family for a monthly premium. This is the most common form of health insurance in the U.S., according to a study from the University of Pennsylvania’s Leonard Davis Institute of Health Economics and United States of Care. That study also shows the premium for family insurance is sometimes one of the biggest sucks on a family’s household income.

      In all 50 states, the premium on employer-sponsored health insurance is never less than 24.4% of a family’s household income (Minnesota), and goes as high as 37.1% (Louisiana). On average, the family premium comes out to around 30% of an employee’s check. This is likely due to the fact that the increase in employer-sponsored health premiums outpaced income growth in 46 states.

      “In 2016, the national health care cost burden was 30%, representing average premiums of $17,710 and median income of $59,039,” the study read. “Between 2010 and 2016, the average health care cost burden increased from 28% to 30% nationally, with premiums growing faster than incomes (27.7% vs 19.8%). The burden increased in all but four states, including the District of Columbia.”

      With family premiums taking up an average of 30% of monthly household income, that would make health insurance premiums just about as expensive as rent. The U.S. Department of Housing and Urban Development states that for a renter to be considered “rent-burdened,” he or she would have to pay more than 30% of their income in rent. This means most Americans are, on average, paying as much for employer-sponsored healthcare as rent-burdened tenants.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #50000
      Two way street
      • Total Posts: 2,195

      Bernie is correct.  Healthcare and affordable medicine are the main issues for the 2020 election campaign season.

      In 2016 Clinton offered continuing the 30% of your income going to the Romney healthcare Market system.  Trump offered that you did not have to carry this kind of insurance with $6,000 deductibles.  Many families in Texas, making less than $35,000 annually, could apply for indigent care under their County Hospital or area Hospital Districts.  Texas refused to set up a State Marketplace and Expanded Medicaid under ACA.  What can combat that?  Bernie’s Medicare for All.

      2020-2024 Campaign Season: We the People are in the fight for our lives and livelihoods.

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