High health costs squeeze workers, even if you have good insurance through a job
Even employees with employer-sponsored health insurance are struggling with rising out-of-pocket costs and high deductibles. A new KFF report highlights that the increasing financial burden of healthcare is affecting middle-income workers despite generous premium coverage.
Why it matters
The rising cost of healthcare, even for the insured, is a major driver of financial insecurity and medical debt in the United States.
Joseph Babbitt of Springfield, Mo. has a pretty good deal when it comes to health insurance. He works as a senior financial controller for West Plains Veterinary Supply, which employs about 50 people and distributes pet food, toys and vet supplies across the region.
Health 5 million have dropped ACA insurance after Trump and the GOP let prices skyrocket Like about 157 million Americans, Babbitt gets insurance through his job. Unlike most Americans, his job has exceptionally generous benefits. "Our owners are very nice — they give all of our employees health care and they pay for it," he says. The company offers several different plan options and covers most or all of the monthly premium cost.
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