Afoordable Care Act Silver Insurance With Dad File Independent

The annual increase of ACA-Affordable Care Act  is far outpaced wage growth on the overall inflation which marked the continuation of a trend for as little as  few years, has dramatically shifted healthcare costs to Individual/workers burden. A major new survey of employers shows that Taxes on  the last major provision of the 2010 law to go into effect, is fueling growing opposition from major business groups and labor unions, many of whose members have bargained for better health benefits in lieu of wage increases as to American workers saw their out-of-pocket medical costs jump again this year, as the average deductible for an employer-provided health plan surged nearly 10% in 2015 to more than $1,000. According to federal data analyzed by the report's authors. Consumer prices declined 02%.

Businesses continued to pick up the bulk of the cost of health coverage for their workers, paying more than $5,000 on average for a single plan and more than $12,500 for a family plan.Most of the nearly 10 million people in marketplace plans qualify for subsidies to offset their premiums, but deductibles in many plans are thousands of dollars.

 New report shows that premium growth remained modest in 2015. An average employer-provided health plan cost workers $1,071 in 2015.

For workers that covers Family plan Earning minimum wages, Has a great impact  to their cost of living. The  deduction of  individual pays about 25% to 30%  of their total monthly Income. That is down nearly 01% from 2014, A  04% from last year survey has documented an absolute decline in workers' share of premiums in which the average family plan cost workers $4,955+up . In comparison, workers' wages increased 1.9% between April 2014 and April 2015.

According to the report from the nonprofit  Health Research. Over the past decade, the average deductible that workers must pay for medical care before their insurance kicks in has more than tripled from $303 in 2006 to $1,077 today,That is seven times faster than wages have risen in the same period.

 Any health provider can quote " A quiet revolution and Dramatic cost for Employer and any individual to shoulder,"  as to "When deductibles are rising seven times faster than wages, it only boils to people can't pay their rent. They can't afford to buy food  or their gas."

 By comparison, employees' share of health insurance routinely shot up by double digits in the early 2000s. Employers' rising health costs are often singled out as a cause for stagnant wage growth in recent years, as businesses have put money into health benefits that might otherwise have gone to workers' paychecks.

Raising deductibles and co-pays has traditionally been a way for employers to keep premiums in check.

There is also growing evidence that the steep rise in deductibles and other out-of-pocket expenses such as co-pays are preventing workers from benefiting from the overall slowdown in healthcare cost growth.

The Affordable Care Act created Unaffordable deductibles are also emerging as a major issue for health plans being sold on marketplaces . The marketplaces, now in their second year, This were designed to help people who don't get health plans through an employer.

That number has been closely watched, "Deductibles are a big problem for consumers," conveyed by the executive director of Covered California, the largest state marketplace in the country. Covered California now requires health plans to exempt some office visits from deductibles so consumers aren't discouraged from getting necessary care. The average deductible for a silver plan on marketplaces nationwide this year is more than $2,500. Beyond costs, the new report contains more encouraging news about the endurance of employer-provided coverage, as 58% of employers reported offering benefits, from 2014.

Critics of the Affordable Care Act had charged that many businesses would begin to drop their health plans when the health law began offering Americans guaranteed coverage.

As many more large businesses provide health benefits, with more than 95% of firms with 200+ or more employees offering their workers at least one health plan.

This year, Republicans and Democrats are working on legislation that could alter this so-called employer mandate, employers with at least 100 full-time workers will have to provide benefits or pay a penalty. The requirement will apply to employers with at least 50 full-time employees in 2016.

The survey also provided more hints about the potential impact of another provision of the Affordable Care Act.

By 2018, employers with particularly generous health plans benefits will be subject to a new excise tax, known as the "Cadillac tax."

This  new report indicates that  1 out of  5 large employers offer at least one health plan that would be subject to the new tax . And less than 14% of large firms offering benefits have already taken steps to avoid the tax, including switching to less generous plans.

These changes likely will shift costs to workers. This could be means, more bad news for employees.

Did Affordable Care Act  impact Really Helped us or created more burden to both individual  and Health care provider? or worst!

BY: JENNILYN E. VIRINA

Afoordable Care Act Silver Insurance With Dad File Independent

Source: https://www.linkedin.com/pulse/affordable-care-act-created-unaffordable-deductibles-also-virina

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