Wednesday, May 23, 2012

Employer Based Health Insurance Declining Due to High Cost

More bad news for workers.  According to a report by The Employee Benefit Research Institute, between December 2007 and April 2011, the number of individuals with health insurance from 60.3% to 55.8%.  Most uninsured workers reported that the reason they lacked coverage was cost.

Employer-based health insurance are the most common form of heath insurance for working Americans.  Since the 1980s, the percentage of individuals without heath insurance has increased, in large measure due to high premium costs on employers.  The general trend of in the percentage of uninsured workers reporting cost as a reason for not having coverage has increased steadily since 2008.

Between 2003-2007, the percentage of workers who were offered dependent coverage also dropped to 16 percent.