Health reform or not, health insurance
costs in the US are continuing to rise at an alarming pace,
according to the Council of Insurance Agents & Brokers
(CIAB).
The body’s conclusion is based on its
June 2009 Employee Benefits Market Survey.
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Of the benefits consultants responding to the
CIAB survey, 86% said prices increased for small accounts, those
with 50 or fewer employees, with more than half the increases
falling in the 11% to 20% range.
For medium accounts – those with 51 to 500
employees – 93% said those accounts experienced increases, with 58%
seeing increases in the range of 6% to 15%.
Increases in group health insurance premium
were reported among large accounts – those with 501 or more
employees.
Of those, 51% saw increases in the 6% to15%
range, with 25% in the 6% to10% range and 16% in the 11% to15%
range.
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By GlobalData Notably, when asked about client response
to health care reform, brokers indicated that most employers do not
plan to cut their group health coverage, and many plan no changes
at all to their programmes.
