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Employer Sponsored

All articles tagged with #employer sponsored

Ex-Aetna CEO Advocates Ending Employer-Sponsored Insurance for Healthcare Reform

Originally Published 1 year ago — by Yahoo Finance

Mark Bertolini, former Aetna CEO and current CEO of Oscar Health, advocates for eliminating employer-sponsored health insurance to address inefficiencies in the U.S. healthcare system. He suggests that individuals should select their own plans from a marketplace, as employer-sponsored plans often fail to meet personal needs and have become less effective in controlling costs. This proposal comes amid heightened frustration with the healthcare system, exacerbated by the recent murder of UnitedHealthcare CEO Brian Thompson. Bertolini's Oscar Health aims to expand its marketplace presence for individuals not covered by employer insurance.

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The Soaring Cost of Family Health Insurance: $24,000 a Year

Originally Published 2 years ago — by Fox Business

Premiums for employer-sponsored health insurance have increased by 7% this year, with the average cost for a family plan reaching $23,968 annually. Workers typically pay over $6,500 towards this amount, while employers cover the rest. The cost of single plans also rose, averaging $8,435 annually. These increases outpaced workers' wages and inflation. The rising costs of job-based health insurance premiums highlight the ongoing struggle with medical bills and the lack of a national strategy to address healthcare costs. Approximately 153 million Americans receive health insurance through their employers, and future out-of-pocket increases may be expected as 23% of employers plan to increase workers' contributions in the next two years.

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