Tags: employer | health | benefits | low

Gallup: Employer Health Insurance Hits New Low

Friday, 11 Nov 2011 11:30 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (Reuters) - The percentage of Americans who have health insurance through their employer slipped to a new low of 44.5 percent in the third quarter, a drop of over 5 percentage points in three years, according to a poll released Friday.

Pollsters at Gallup and Healthways Inc., who surveyed more than 90,000 U.S. adults, blamed the decline on high unemployment, under-employment and an increased number of employers who do not offer health insurance to their workers.

Employer-sponsored health insurance is one of the main pillars of the $2.6 trillion U.S. healthcare industry. But companies have increasingly scaled back benefits and raised employee charges to cope with healthcare costs that are rising sharply despite anemic economic growth.

The latest figure was 5.3 percentage points below a high of 49.8 percent in 2008, when the two companies began tracking trends in employer-sponsored health insurance.

"The health insurance system in the United States is experiencing numerous changes. Governments and businesses have and will continue to cut back and/or reform their health coverage offerings," the pollsters said in a statement.

Retailing giant Wal-Mart Stores Inc announced in October that it would no longer offer health insurance to new part-time employees and slashed its contributions to employee health expense accounts.

As employer-sponsored insurance declined, the number of adults with no health insurance at all rose 2.7 percentage points to 17.3 percent in the third quarter.

There was also an increase in the ranks of those covered by government plans from Medicaid, Medicare and military programs, which was up 2.2 percentage points since 2008 at 25.1 percent but off a 2010 high of 25.7 percent.

According to the Kaiser Family Foundation, there were 41 million uninsured American adults and 24 million adults below retirement age on the national Medicaid program for low-income people and other public insurance plans in 2010. Medicare, the federal healthcare program for the elderly, covers an estimated 48 million beneficiaries.

The survey found higher health insurance coverage among young people aged 18 to 26, which pollsters attributed to a provision of the U.S. healthcare overhaul that allows parents to cover grown children under their insurance plans.

But other segments of the law, including tax credits for small businesses, did not appear to be help older adults, aged 25 to 64, whose uninsured ranks increased.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Feds Censure Local Police as Pentagon Hands Out Lethal Weapons

Sunday, 21 Sep 2014 07:55 AM

A Pentagon program that distributes military surplus gear to local law enforcement allows even departments that the Just . . .

Huge Northern California Wildfire Keeps Growing

Sunday, 21 Sep 2014 07:15 AM

As an expanding wildfire in Northern California kept nearly 3,000 people from their homes, teams sought to find out how  . . .

Purdue Professor: Ebola 'Unlikely to Spread Here' in US

Friday, 19 Sep 2014 20:25 PM

The Ebola virus is unlikely to cause a deadly epidemic in the United States, according to David Sanders, an associate pr . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved