HOME >> MEDICINE >> NEWS
Employees in small firms pay 18 percent more for health insurance when adjusted for value of plan

New York, NY--Employees in the smallest firms (1-9 workers) pay an average 18% more in health insurance premiums than those in the largest firms (1,000+ workers), when actuarial value--the percentage of total medical expenses paid by a health plan--is taken into account, a new Commonwealth Fund-supported study finds.

In this look at employer-provided health coverage, researchers found that type of health plan is the key determinant of both actuarial value and adjusted cost. The adjusted premiums are 25% higher for indemnity plans and 18% higher for preferred provider organization (PPO) plans than HMOs. Higher administrative costs from marketing, medical underwriting (the process by which insurers assess medical risk), and greater risks are some of the factors that contribute to the difference in premiums, say Jon Gabel, vice president of the Center for Studying Health System Change, and colleagues, authors of the new study published in the May/June issue of the journal Health Affairs.

Employees in states with large urban populations, such as California, Massachusetts, New York and Pennsylvania, also tend to get more value for their premium dollar than those in rural states, according to this first ever state by state estimate of the cost of the adjusted price of health insurance.

When authors adjusted premium costs for the quality of benefits, Maine, West Virginia, Wyoming, and Wisconsin were the states where employers and employees got the least value for their money. For example, the average adjusted premium for California employees with average benefits is $2,833, compared with $3,203 on average across all states, and $4,001 in Wyoming, the state with the highest average premium. Other states with the lowest adjusted premiums are Hawaii ($2,717), Alabama ($2,981) and Arizona ($2,983).

"Indemnity insurers have greater market share in rural states, so employees and employers in those states end up paying higher adjusted premiums.
'"/>

Contact: Mary Mahon
mm@cmwf.org
212-606-3853
Commonwealth Fund
9-May-2006


Page: 1 2 3

Related medicine news :

1. Africa: International volunteer impact small, but significant
2. Nonsmall cell lung cancer -- chemotherapy before surgery appears better than surgery alone
3. Pre-operative chemotherapy does not increase survival rates for nonsmall cell lung cancer
4. Female auto crash rates increase alarmingly; airbags can be dangerous for tall and small people
5. No data to support leaving small colon polyps in place
6. Why doesnt the immune system attack the small intestine?
7. Newer biomarkers add small improvement in cardiovascular risk prediction to established risk factors
8. Impaired gene helps non-small cell lung cancer resist drug
9. Indoor air purifiers that produce even small amounts of ozone may be risky for health
10. Bronchial thermoplasty offers significant improvement for asthmatics in small study
11. Soy foods associated with small reduction in risk of breast cancer

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:1/14/2019)... ... January 14, 2019 , ... Dr. Kaveh Kanani D.D.S . is the head ... Hills. This well established general dentist has recently unveiled an inventive method of ... teeth. When a tooth is missing for an extended period of time, the jawbone that ...
(Date:1/13/2019)... (PRWEB) , ... January 12, 2019 , ... ... Professionals Committee (YPC) in conjunction with Temple University hosted a continuing education (CEU) ... and Mentees. The event aimed to create a series of talks to ...
(Date:1/11/2019)... ... January 11, 2019 , ... In Partnership with the Smiles ... low-income, underinsured individuals at its Burleson, TX office on February 9. , ... cleanings and extractions . For more information, please visit the ...
(Date:1/11/2019)... ... , ... Women’s Excellence Obstetrics and Gynecology announces an exciting ... of Women’s Excellence, will co-host WJR’s "Health Women Show" with WJR’s Marie Osborne ... , "We are excited to partner with a longstanding, reputable organization like WJR ...
(Date:1/10/2019)... ... January 10, 2019 , ... On Tuesday, January 8, Dr. Samuel Joseph, Jr. , assisted ... to use Osseus Fusion Systems revolutionary 3D Printed Aries Titanium Spinal Implant ... see your ideas brought to life so quickly,” commented Dr. Joseph, founder of Joseph Spine. ...
Breaking Medicine News(10 mins):
(Date:1/11/2019)... ... January 11, 2019 , ... Proven entrepreneur Tony Hartl announced today a ... by 2024. Hartl, who previously built the Planet Tan brand into a ... Waco , Texas. , “It’s why I came out of retirement after 10 years,” ...
(Date:1/11/2019)... ... 11, 2019 , ... Isagenix International , known for ... gut health. The global health and wellness company just launched IsaBiome™ Daily Digestive ... support better daily digestion of meals and long-term gut health.† The products were ...
(Date:1/10/2019)... GILBERT, Ariz. (PRWEB) , ... January 10, 2019 ... ... health and wellness company providing nutrition and lifestyle solutions, will crown the U.S. ... latest Judging Period’s 15 finalists include: Andrea Carrara of Palm Beach, Florida; Barbara ...
Breaking Medicine Technology:
Cached News: