Large corporations say the cost of health insurance for their employees is "unsustainable" and that a stronger role for the government is needed to keep costs down.
Stevenson J. Large companies say the cost of employee health insurance is "unsustainable" and a stronger role for government needed to keep costs down. jama health forum. 2021; 2(5): e211395. doi: 10.1001 / jamahealthforum. 2021.1395
Commentary
Let me just explain the main points.
A majority of executives at large U.S. companies have stated that the government needs to play a greater role in the provision and cost of insurance because the cost of providing health insurance to employees is expected to become unsustainable within a decade, according to a new study.
The report appears to involve 302 large U.S. companies with at least 5,000 employees, and researchers say the pandemic has highlighted problems with their existing systems.In December 2020 and January 2021, a survey was conducted on perceptions of health care and health insurance costs, and a report was produced on the results.
Eighty-three percent of the respondents to the survey agreed that the cost to employers for health insurance was too high, and a report on the cost of health insurance was also provided.According to the 2020 KFF report, the average cost of annual family premiums for company-sponsored health insurance is $21,342, a 55% increase from 2010.
Based on these results, it was believed that covering employee costs would become unsustainable within the next 5-10 years.He also explained the expected benefits, such as changes in the age of entitlement and reduction in health care costs, which made me realize that the problems we have with the cost of health insurance are no different from those in Japan.
