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May 29, 2014

Premium Contributions Rising

ObamaCare’s disastrous effect.

As predicted, ObamaCare is forcing employers to increase workers’ contribution to health insurance premiums to help cover higher costs. “More than half of companies (56%) increased employees’ share of health care premiums or co-payments for doctors’ visits in 2013,” reports USA Today, “and 59% of employers say they intend to do the same in 2014, according to the annual Aflac WorkForces Report.” This understandably has employees on edge: “49% have less than $1,000 to pay for unexpected out-of-pocket medical expenses; 53% would borrow from their 401(k)s or credit cards to cover unexpected medical costs; 66% say they wouldn’t be able to adjust to the large financial costs associated with a serious injury or illness.” Wasn’t ObamaCare supposed to ease Americans’ health care burdens? More…

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