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American Workers Like Their health Insurance More Than Ever
American workers value their health insurance benefits more than ever before. Perhaps realizing that their employers are paying 200% to 300% more that a few years ago, most U.S. workers employed at large businesses consider health coverage to be the most important part of their benefits packages including retirement benefits.
In February 2007, the National Business Group on Health surveyed 1,619 employees at mid-sized companies (2,500 employees or more). The majority of those queried said that would sooner take a pay cut than give up any health benefits. Over two thirds said they are satisfied with their health coverage. Even those who didn't like their coverage said that they would not want to purchase their own health insurance.
American workers are happy with the status quo when it comes to health insurance, but their employers can't afford to support their habit much longer. Something's gotta give.
Most U.S. workers employed at large businesses consider health coverage to be the most important part of their benefits packages including retirement benefits.
Posted by Phil Daigle on April 19, 2007 2:58 PM
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I think it's not any one piece of the system that's going to give, but the whole system. Originally, insurance was protection against emergencies ... now it's more of a prepayment, but it doesn't do that well. What I predict will happen is that the USA will follow Canada, Denmark, and other countries in setting up a *real* prepayment system that does the job adequately.
Posted by: B. Coy | May 4, 2007 10:13 AM