Citing Cost Concerns, More Workers Leave Firms’ Health Plans

WSJ.com – Citing Cost Concerns, More Workers Leave Firms’ Health Plans

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“But the biggest reason appears to be that even company-subsidized health care is proving unaffordable or providing too little upfront value to many workers. The sharpest drop in participation rates was among large retailers, where the share of eligible workers opting for company benefits fell to 67.3% from 83.8% over the eight years. But health-plan participation in other industries also has declined, even at companies with unions, many of which have fiercely fought employers’ efforts to shift more health-care costs onto workers.”

This trend will drive lots of talk and politics – perhaps we need approaches other than just cost sharing to manage the growth in health care costs.

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