Workers to Pay Higher Health Premiums from 2011

A new survey released yesterday says that from next year, workers will have to shell out more for health care. This is because the big American Companies are in a phase of transforming the way the health care will be financed and delivered in the country, according to the new federal health care law given by President Obama.

This survey had been conducted in 72 companies where more than 3.7 million people are employed. After this, the National Business Group on Health revealed that in 2011, 63% of businesses are planning to make their employees pay an additional percentage of their premium costs.

Helen Darling, President of the National Business Group, said that this new law signed in March will approximately give a 1% point to the higher expense. Also, it is expected that by next year, an average of 8.9% will be increased in the costs of health care. About 46% of the companies are planning to give a hike to the maximum level of out-of-pocket costs workers. Plus, there may be a small augmentation in the employee-paid portions.

This law has been backed by many, one of them being Katie Mahoney of the U. S. Chamber of Commerce, who said, “There is a cloud of uncertainty as to what employers and plans and individuals need to do to comply with the law and the regulations”.