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It's about $19K for employer-provided family-coverage. Considering the three companies have about 1M stuff in total, that represents ~$20B in annual recurring
by ihsw2 9y ago
It's about $19K for employer-provided family-coverage.
Considering the three companies have about 1M stuff in total, that represents ~$20B in annual recurring costs.
This effort combined with accelerating automation will lead to a much better capital:labor cost ratio (and, depending on who you ask, reduction in labor costs is massively bad for wealth equality).
- yeukhon 9y agoDo you have a source backing on $19K?
- vadym909 9y agoI've seen and paid employer health benefits bills- $15K-$24K is the range depending on the quality of healthplans. About 10-25% of this is what employees pay as their part of the premium normally, the rest is employer paid. Stingier companies cover 75% of the employee cost and 50% of dependents cost.
- adventured 9y ago"Annual premiums reached $18,764 for 2017, up 3 percent from 2015 for an average family coverage" http://www.ncsl.org/research/health/health-insurance-premiums.aspx http://www.ncsl.org/research/health/health-insurance-premium... "According to the KFF 2016 survey, the average family coverage premium is $18,412 per year and single coverage is $6,435 per year." https://www.groupmgmt.com/blog/post/2017/09/05/How-Group-Health-Insurance-Premiums-Are-Calculated-and-How-You-Can-Manage-Them.aspx https://www.groupmgmt.com/blog/post/2017/09/05/How-Group-Hea...
- simonebrunozzi 9y agoI guess you meant "staff", not "stuff". BTW, I think that the 19k/year is not representative of very large companies, which usually negotiate better terms. Still, your point stands.
- secabeen 9y agoDepends. The largest companies often self-insure, where they pay the insurance companies a fixed rate for administration, but the costs of the actual health care come out of the company budget.
- maxerickson 9y agoOverall US healthcare spending is ~$10k per person, so it is probably at least in the ballpark.
- deleted 9y ago[deleted]
- adventured 9y agoIt's quite close, it's probably over $17,000 for 2018: https://kaiserfamilyfoundation.files.wordpress.com/2016/02/8833-figure-6.png https://kaiserfamilyfoundation.files.wordpress.com/2016/02/8...