Premiums Rising Faster Than Inflation and Wages

Slides:



Advertisements
Similar presentations
AFL-CIO. Costs Have Been Eating Up More and More of Our PAYCHECKS.
Advertisements

®® 1 The Challenges of Health Care Cost Growth Marilyn Moon American Institutes for Research February 4, 2008.
THE COMMONWEALTH FUND Making Care More Efficient: Promising Innovations and Policy Options Karen Davis President The Commonwealth Fund Bipartisan Health.
Exhibit 1. National Health Expenditures per Capita, 1980–2007
THE COMMONWEALTH FUND Figure 1. Health Insurance Coverage and Uninsured Trends Data: Analysis of the U.S. Census Bureau, Current Population Survey Annual.
Exhibit 1. International Comparison of Spending on Health, 1980–2010 Average spending on health per capita ($US PPP) Total health expenditures as percent.
Exhibit 1. Premiums for Family Coverage, by State, 2013 Source: 2013 Medical Expenditure Panel Survey–Insurance Component. Dollars U.S. average = $16,029.
Ana Malinow, MD Associate Professor Pediatrics, BCM Co-founder, Health Care for All Texas September 22, 2009.
Assignment 6.
LSU Now and in the Post Health Care Reform World Fred Cerise July 19, 2011.
THE COMMONWEALTH FUND 1 Figure 1. We Can’t Continue on Our Current Path: Growth in the Uninsured Data: Analysis of the U.S. Census Bureau, Current Population.
Exhibit 2. Medicare Enrollment, 1970–2080 Enrollment in millions Source: Centers for Medicare and Medicaid Services, 2013 Annual Report of the Boards of.
1. Percent change in employment, (Seasonally adjusted: private wage-and-salary workers) Source: U.S. Bureau of Labor Statistics, Current.
Exhibit ES-1. Synergistic Strategy: Potential Cumulative Savings Compared with Current Baseline Projection, 2013–2023 Total NHE Federal government State.
Exhibit 1. “Medicare Extra” Benefits vs. Current Medicare Benefits Current Medicare benefits*“Medicare Extra” Deductible Hospital: $1024/benefit period.
Individual Insurance Benefits to be Available under Health Reform Would Have Cut Out-Of-Pocket Spending in Steven C. Hill Center for Financing,
THE COMMONWEALTH FUND Starting on the Path to a High Performance Health System: Analysis of Health System Reform Provisions of Reform Bills in the House.
THE COMMONWEALTH FUND Starting on the Path to a High Performance Health System: Analysis of Health System Reform Provisions of the Affordable Care Act.
State Trends in Premiums and Deductibles, : Eroding Protection and Rising Costs Underscore Need for Action Cathy Schoen Senior Vice President.
THE COMMONWEALTH FUND Exhibit 1. Employer Coverage Continues to Be Major Source of Coverage for Employees of Larger Firms Percent of firms offering health.
The Building Blocks of Health Reform: Achieving Universal Coverage and Health System Savings Cathy Schoen Senior Vice President, The Commonwealth Fund.
Average Annual Premium Increases for Family Coverage,
THE COMMONWEALTH FUND An Ambitious Agenda for the Next President
Percentage of Plans with General Annual Deductible, Marketplace and Employer-Based Plans, 2016 Exhibit 2 * Most recent employer survey data are from 2015.
Percentage of Plans with Annual Deductible, by Metal Tier, Cost-Sharing Reduction, and Employer Plans, 2016 Notes: Base silver plans have an actuarial.
Presenting on behalf of the author team
2012 NHE Total Expenditures: $2,793.4 billion
Commonwealth Fund Staff November 2009
Combined Employee Premium Contribution and Deductible as a Share of Median Family Income Average employee share of premium plus average deductible as percent.
More Than One-Quarter of Insured Adults Were Underinsured in 2016
Cumulative Change in Single and Family Health Insurance Premiums and Federal Poverty Level, * * *No data are available for 2007 due to MEPS transition.
Employee premium contribution
Percent of Total Health Care Spending
Exhibit 1.16 Average Premium Increases for Covered Workers with Family Coverage, * Percentage change in family premium is statistically different.
Relative Contributions of Different Types of Health Services to Total Growth in National Health Expenditures, NOTE: Percentages may not.
Relative Contributions of Different Types of Health Services to Total Growth in National Health Expenditures, NOTE: Percentages may not total.
Share of median income (%)
Percent adults ages 19–64 insured all year who were underinsured*
Sara R. Collins, Ph.D. Assistant Vice President The Commonwealth Fund
NHE in trillions 6.7% annual growth $5.2 $4.6 $ % annual growth
NHE Total Expenditures: $2,700.7 billion
Premiums for employer health plans rose sharply in 2017.
Women in Switzerland and the U.S. Report Very High Out-of-Pocket Costs
Average Monthly Social Security benefit payment
Cumulative Percent Change in National Health Expenditures, by Selected Sources of Funds, NOTE: This figure omits national health spending that.
Cumulative Percent Change in National Health Expenditures, by Selected Sources of Funds, NOTE: This figure omits national health spending.
ACCESS: AFFORDABLE CARE
Increases in Health Insurance Premiums Compared with Other Indicators, 1988–2007 Percent * Premiums are growing at rates more than twice that of other.
Commonwealth Fund Staff January 2010
Adequately insured 48% Uninsured anytime 15% Uninsured anytime 36%
Projected annual growth rate, NHE per capita NHE, 2021
Only minor changes needed Fundamental changes needed
Two of Five Adults Uninsured or Underinsured 25 Million Underinsured 60 Percent Increase in Underinsured from 2003 to 2007 Percent of adults (ages 19–64)
Adults Ages 19–64 Who Are Uninsured and Underinsured, by Poverty Status, 2003 *Underinsured defined as insured all year but experienced one of the following:
Credit per employee $9,435—projected family premium 50% employer
* Most recent employer survey data are from 2015.
Cumulative Changes in Components of U. S
Number of employees in firm
The Share of Women Spending 10 Percent or More of Their Income on Health Care Climbed over the Past Decade, Especially for Women with Low Incomes Percent.
Exhibit 1.7 Distribution of Annual Premiums for Single and Family Coverage Relative to the Average Annual Single or Family Premium, 2016 Percentages.
Percentage of Plans Where the Beneficiary Must Meet a Deductible Before Primary Care Office Visits or Prescription Drugs Are Covered, Marketplace and.
High Deductibles Relative to Income by Coverage Source at the Time of the Survey Percent with deductibles that are 5% or more of income, adults ages 19–64.
Exhibit 6.20 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Firm Wage Level, 2016 SINGLE COVERAGE.
Exhibit 10.2 Percentage of Covered Workers in Partially or Completely Self-Funded Plans, by Firm Size, * Estimate is statistically different.
Changes in Family Income, U. S
Employee premium contribution as share of median income
OOP as a Share of Total NHE:
Exhibit 6.18 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Wage Level, 2013 SINGLE COVERAGE.
Average Annual Change Adjusted for Inflation is 5.3%
Exhibit 6.19 Distribution of the Percentage of Total Premium Paid by Covered Workers for Single and Family Coverage, by Wage Level, 2014 SINGLE COVERAGE.
Presentation transcript:

Premiums Rising Faster Than Inflation and Wages Cumulative Changes in Components of U.S. National Health Expenditures and Workers’ Earnings, 2000–09 Projected Average Family Premium as a Percentage of Median Family Income, 2008–20 Percent Percent 108% 32% 24% Projected * 2008 and 2009 NHE projections. Data: Calculations based on M. Hartman et al., “National Health Spending in 2007,” Health Affairs, Jan./Feb. 2009 and A. Sisko et al., “Health Spending Projections Through 2018,” Health Affairs, March/April 2009. Insurance premiums, workers’ earnings, and CPI from Henry J. Kaiser Family Foundation/Health Research and Educational Trust, Employer Health Benefits Annual Surveys, 2000–2009. Source: K. Davis, Why Health Reform Must Counter the Rising Costs of Health Insurance Premiums (New York: The Commonwealth Fund, Aug. 2009).