Chris0nllyn
Well-Known Member
A few months ago, in another thread, I said I'd report back with solid numbers. I can't seem to find the other thread so here it is....
Sweet....
Calculated it last night. If I keep my PPO plan (which isn't as good as last year's plan), my per-paycheck costs will increase 233%.
Not sure I blame Obamacare for it all, considering the company chose to not pass along (even incremental) increases they received.
Our current medical benefits have simply become too expensive. Medical costs have increased
over the years and the Affordable Care Act creates some additional cost burdens. However, the
primary reason that our medical costs have escalated to unsustainable levels is because our
current zero-deductible, very low co-insurance plan provides no incentives or mechanisms to
control costs. As an example, the annual cost of family medical coverage increased this year to
almost $23,000 per participant. This is more than 20% higher than our industry’s norm and a 28%
increase over last year. For the past three years, while medical cost inflation has averaged around
7% per year, our medical expenses have increased more than 20% per year. Although our
medical coverage costs have been rapidly escalating, we have not increased employee
contributions. These conditions are not sustainable.
Sweet....
Calculated it last night. If I keep my PPO plan (which isn't as good as last year's plan), my per-paycheck costs will increase 233%.
Not sure I blame Obamacare for it all, considering the company chose to not pass along (even incremental) increases they received.