A growing number of U.S. employers are switching from classic single or family insurance plans to “per participant” coverage. This change has occurred partially in response to a part of the federal health care legislation which allows young adults to remain on their parents’ coverage until the age of 26. Prior to 2010, children were dropped from their parents’ plans at the age of 18, 21 or when they left college. Under the “per participate” plan, the amount an employee has drafted from each paycheck grows along with each person added to their plan, instead of having a set rate as with the previous family plan. Although the plan has been available, Craig Rosenberg (an Aon Hewitt benefits leader) says of company decisions to choose the “per participate” coverage, “It is a trend that is emerging and will gain more traction.” Although benefit analysts consider the estimated 1-3% increase to premium costs small, it is indeed another price rise in health care, that many employees are already struggling, or unable to pay.
Rising cost account for only one of many problems the global health care industry is suffering from. Although the United States spends more than other countries on its health care, costs are rising almost everywhere. This has led to budget deficits, tax increases, and benefit reductions. Even countries with greater government control (national health care systems) must deal with rationed health care or long waiting lists. Creating a successful health care system in any country must become a joint effort of government, employer, health care providers, and insurance companies alike.
Sources: http://prescriptions.blogs.nytimes.com/2011/11/23/young-adults-coverage-may-cost-parents-even-more/