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Monday, May 18, 2009  

US Workers Struggle with Medical Insurance as Legislators Weigh Pros and Cons

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As the ramifications of our current economic crisis lead lawmakers to weigh the pros and cons of American health care, US workers find themselves facing record highs for their medical insurance.

As Reuters reports it, an estimated 170 million Americans get their medical insurance through an employer. But now, with the sinking economy making it difficult for employers to maintain coverage for their employees, health care costs now eat up around 14% of the average household income of those workers.

And that's for the ones who make about $50,000.

The rising cost of health care has combined with poor sales and a slow economy to create a burden that both employers and employees must bear. Employer's contributions for medical insurance increased as well, by 5.4%, revealing that they're also feeling the pinch of health care costs.

President Obama's goal of signing into law an overhaul of the US health care system could finally provide some relief, but in the mean time employers and employees alike must continue to search for the best group health insurance prices out there, without sacrificing too much of their necessary coverage.

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