Healthcare

TDP Episode 89 photoEpisode 89: Healthcare, by host, Laura Milkins. Our guest, John Anglin, tells the story of his depression and how his struggles with addiction lead him to a career in helping other people through peer support. Sunday, July 8, 2018.

People Keep

https://www.peoplekeep.com/blog/faq-how-much-does-it-cost-to-provide-health-insurance-to-employees

Conclusion

On average, the combined cost of providing group health insurance is $6,251 per year for single coverage (2015) or $17,545 per year for family cover­age.

To offer more affordable health benefits, one solution is to adopt a defined contribution strategy where employees purchase individual health insurance and are reimbursed by their defined contribution allowance.

In a time of steep annual rate increases for group health insurance, a defined contribution model offers cost predictability and access to quality health insurance coverage.

The Real Reason the U.S. Has Employer-Sponsored Health Insurance

New York Times By Aaron E. Carroll, Sept. 5, 2017

https://www.nytimes.com/2017/09/05/upshot/the-real-reason-the-us-has-employer-sponsored-health-insurance.html

This system is expensive. The single largest tax expenditure in the United States is for employer-based health insurance. It’s even more than the mortgage interest deduction. In 2017, this exclusion cost the federal government about $260 billion in lost income and payroll taxes. This is significantly more than the cost of the Affordable Care Act each year.

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