The mammoth annual price hikes in the employer world are clear evidence of the affordability crisis.
About The Podcast:
Millions of Americans feel confused and frustrated in their search for quality healthcare coverage.
Between out-of-control costs, countless inefficiencies, a lack of affordable universal access, and little focus on wellness and prevention, the system is clearly in dire need of change.
Hosted by healthcare policy and technology expert Marc S. Ryan, the Healthcare Labyrinth Podcast offers accessible, incisive deep dives on the most pressing issues and events in American healthcare.
Marc seeks to help Americans become wiser consumers and navigate the healthcare maze with more confidence and certainty through The Healthcare Labyrinth website and his book of the same name.
Marc is an unconventional Republican who believes that affordable universal access is a wise and prudent investment. He recommends common-sense solutions to reform American healthcare.
Tune in every week as Marc examines the latest developments in space, offering analysis, insights, and predictions on the changing state of healthcare in America.
About The Episode:
In this episode, Marc discusses the mammoth increases in employer healthcare costs. It is clear evidence of an affordability crisis.
Key Takeaways:
The late Princeton healthcare economist Uwe Reinhardt wrote a seminal book called Priced Out.
I think Priced Out describes exactly where American healthcare is headed.
Four recent surveys show a huge surge in costs again slated for 2027.
Employer healthcare costs could rise a cumulative 76% over a decade.
The cost for a hypothetical family of four with employer-sponsored insurance has increased to nearly three times what it was in 2005.
Employers have tried to insulate employees from huge increases, but more and more is being transferred to them.
Employees are paying higher, premiums, deductibles, and cost-sharing. Employees in small businesses feel the greatest pain.
About a quarter of insured working-age adults were underinsured in 2024.
We need true healthcare reform because all we do today is transfer ever-increasing costs to the backs of employees in the name of reform.
Connect With Marc:
Resources:
The Healthcare Labyrinth: A Guide to Navigating Health Plans and Fixing American Health Insurance
