Employer sponsored insurance is the leading source of health insurance, covering about 157 million nonelderly people in America. During 2010, healthcare-related costs surged for companies as premiums for single and family coverage went up by 5% and 3% on average, respectively, compared to 2009. Health plan costs are up 131% since 1999 and due to the aging population and national healthcare reform impacts, employers can expect 2011 healthcare costs to increase to their highest levels in the last five years. Specifically, an 8.8% percent average premium increase for employers is expected during 2011. Overall, insurance carrier margins are robust, averaging about 25%, and during 2010, margins were only 0.4 percentage points lower than the 10-year record high.
For more information regarding healthcare benefit trends, market intelligence and negotiation best practices, please contact:
Jill Dobbs, Director of Membership Services: firstname.lastname@example.org; (530) 386-6679.
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