News Headlines Article

Workers spending 9.6% of income on healthcare
Modern Healthcare

The attractiveness of employer-based health insurance, often considered the gold standard of coverage, may be starting to wane. New data show employees are paying much more in monthly premiums and out-of-pocket costs in every state for such plans while wages remain stagnant. In Florida, for example, 12.4% of an employee’s average median income went toward premiums and deductibles in 2013—the highest percentage of any state. That’s up from 6.7% in 2003. Nationally, 9.6% of an employee’s household income was spent on premiums and deductibles, compared with 5.3% in 2003.