As rates soar, small business owners pass along more health care costs to employees

No problem, the government will come to the rescue: As rates soar, small business owners pass along more health care costs to employees – The Washington Post.

 

“The trend continues, especially in smaller firms,” Drew Altman, Kaiser’s chief executive, said during a press call about the study, calling the uptick “part of a quiet revolution in health insurance from more comprehensive to less comprehensive with higher deductibles.”

That revolution has left small business employees paying considerably more for their coverage than their counterparts at large companies. The average deductible for workers at small firms (those with more than two employees but less than 200) was $1,715, nearly double the $884 deductible paid by workers at large businesses.

In addition, the average annual premium paid by small business employees has steadily increased from $5,700 for family coverage in 1999 to $15,600 in 2013, according to Kaiser. Now, some say the health care law is driving those rates higher at an even faster pace.

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