time.org, Money, by Kara Brandeisky, Sept 22, 2015
More than ever, employers are shifting a greater share of costs onto employees.
This year, employees are really feeling the pinch because their health insurance costs are rising much more quickly than their wages, says Drew Altman, president of the Kaiser Family Foundation.
Monthly premiums have risen 24% since 2010, the Kaiser Family Foundation found. Even more troubling, deductibles—the set amount employees must pay with their own money before insurance kicks in—have increased 67% over the past five years. Wages, on the other hand, have grown only 10% during that same time period.
“If wages were keeping up with the growth in cost sharing, it wouldn’t be as big of a deal for people,” Altman says. “But the pain level is significant. It really affects family budgets.”