Updated Oct 15, 2009 - 10:47 am
Health insurance premiums may increase 10 percent
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Employers will pay more for health insurance again this year, but employees will likely shoulder more of that cost increase.
A nationwide survey by Hewitt Associates shows large companies will pay about six percent more for health insurance next year, while employee premiums are projected to increase ten percent.
State Insurance Commissioner Mike Kreidler calls that cost sharing. "They've held down their costs for health insurance, but it's come at the expense obviously of the employee who has to pay more and more for the employer's health insurance."
The typical employee of a large company will pay 23 percent of the cost of health care premiums. It's typically more for employees of smaller companies.
The survey shows employee out-of-pocket expenses, such as co-payments and deductibles are also projected to increase next year by ten percent.
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