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Cost-sharing skyrockets as health premiums rise

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in Employee Benefits Program,Human Resources

Employers are asking employees to shoulder a far greater share of the burden as health insurance premiums continue to rise, according to new research by the nonprofit Kaiser Family Foundation.

After several years of relatively modest increases, annual premiums for employer-sponsored family health coverage rose to $15,073 this year, up 9% from last year, according to the foundation’s 2011 Employer Health Benefits Survey.

On average, workers pay $4,129 and employers pay $10,944 toward those annual premiums. Premiums increased significantly faster than workers’ wages (2.1%) and general inflation (3.2%). Since 2001, family premiums have in­­creased 113%, compared with 34% for workers’ wages and 27% for inflation.

“This year’s 9% increase in premiums is especially painful for workers and employers struggling through a weak recovery,” Kaiser President and CEO Drew Altman says.

Employees pay more

In response to rising premiums, em­...(register to read more)

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