Employer Health Plan Deductibles Jumped Almost 50% Since 2009

Remember, Obamacare was supposed to bend the curve down and save everyone money

(USA Today) A report out today puts numbers behind what hit many workers when they signed up for health insurance during open enrollment last year: deductible shock.

Premiums for employer-paid insurance are up 3% this year, but deductibles are up nearly 50% since 2009, the report by the Kaiser Family Foundation shows.

The average deductible this year is $1,217, up from $826 five years ago. Nearly 20% of workers overall have to pay at least $2,000 before their insurance kicks in, while workers at firms with 199 or fewer employees are feeling the pain of out-of-pocket costs even more: A third of these employees at small companies pay at least $2,000 deductibles. (snip)

Deductibles will keep going up as companies try to keep their own health care costs down by raising the amount of cost-sharing workers have to bear, says Gary Claxton, a Kaiser Family Foundation vice president who co-authored the annual study.

And, one of the things causing costs to go up is the Affordable Care and Patient Protection Act, commonly known as Obamacare. And as people actually use the insurance willy nilly, it will drive up costs, which will drive up premiums and deductibles.

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