Americans with employer health coverage get massive raises

Research done by the Kaiser Foundation compared health insurance premium growth to inflation and GDP growth in the US over the past decade(2000-2010):

 

Compounded Annual Growth

 

Absolute 10 Year Growth

Total Health Insurance Premiums 7.8% 114%
Employee Contribution to Insurance Premium 9.5% 147%
Employer Contribution to Insurance Premium 7.3% 103%
US Inflation 2.4% 26.8%
US Real GDP (2000-2009) 1.6% 15.3%

That figure for the employer contribution to insurance premium is the equivalent of a 7.3% raise every year for workers who had employer coverage. ¬†Media reports proclaiming that American wages have been stagnant are incorrect, as they don’t account for this compensation in the form of health care premiums.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: