Will County Democratic Central Committee - News

Health costs rise 3% for Chicago employers

Published on Friday, October 18, 2013

Health costs rise 3% for Chicago employers

Increase lowest in 11 years, but burden shifting to employees

Employees' share of health care expenses, which includes contributions to pay for premiums and out-of-pocket costs including co-payments and coinsurance, was $5,135 in 2013, up from $4,715 last year. Workers are expected to shoulder more of the burden in 2014, with their costs expected to rise about 9 percent, to $5,613.  

Aon Hewitt's research shows that workers' share of the overall health care premium now stands at 22 percent, up from 18.6 percent a decade ago. Within the past year, 47 percent of employers have raised deductibles and other out-of-pocket responsibilities for employees. Another 43 percent are considering doing so in the next three to five years.

The 3 percent increase for Chicago employers in 2013 is lower than the national average gain of 3.3 percent. It also is the second straight year in which the growth of health care costs slowed among Chicago companies, following a 5.7 percent hike in 2012 and a 9.2 percent rise in 2011.

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Categories: Local Issues, State Issues

Tags: Health Care

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