AFL-CIO. Costs Have Been Eating Up More and More of Our PAYCHECKS.
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Transcript of AFL-CIO. Costs Have Been Eating Up More and More of Our PAYCHECKS.
AFL-CIO
Costs Have Been Eating UpMore and More of Our
PAYCHECKS
And LOWERING OurStandard of Living
Here’s Why It Hurts
0%2%4%6%8%
10%12%14%16%18%
1988 1996 2002 2006
HEALTH INSURANCEPREMIUMS
OVERALL INFLATION
WORKERS’ EARNINGS
Premium Costs Rising Faster Than Wages or Inflation
2006 Kaiser Family Foundation Survey
America’s Health CareSpending Will Almost Double
IN 10 YEARS$12,782
$6,700
2005 Projected 2016
Per Person Health Care Spending, U.S. Average
Health Affairs 142-153, 2007
We’re Feeling the Squeeze — And So Are Our Employers
$1,620 $1,800 $2,136 $2,412 $2,661 $2,713 $2,973 $3,134
$4,731 $5,253 $5,818$6,656 $7,289 $8,167 $8,508 $8,972
2000 2001 2002 2003 2004 2005 2006 2007
EMPLOYEE CONTRIBUTION EMPLOYER CONTRIBUTION
Annual Premium Costs for Family Coverage
Kaiser Family Foundation Surveys, 2000-2006
As Costs Soar, More and More of Us
Lose Insurance
2000 2001 2002 2003 2004 2005 2006 2013
Children Adults
U.S. Census Bureau; Health Affairs Web Exclusive, 2/21/07
In Millions 56.0
46.944.843.543.442.039.838.4
Employer CoverageIs Drying Up—
Especially for Early RetireesEMPLOYERS THAT PROVIDE COVERAGE FOR RETIREES
1988
2006
Kaiser Family Foundation; Health Research and Education Trust
65%
35%