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Chris Wysocki
Caldwell, NJ

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Thursday, 30 October 2014

Yay Obamacare, NJ businesses again see double-digit health insurance premium increases

Nineteen times Barack Obama promised to lower our health insurance premiums by as much as $2500 per year.

We're still waiting.

Small businesses continue to see double-digit increases in the cost of employee health care, according to a survey released by a major business group Thursday, which found 87 percent of those polled provide coverage.

The survey by New Jersey Business and Industry Association found that health-care costs rose by 24 percent in the last year for businesses that have between one and 24 employees, and by 16 percent for those with between 25 and 49 workers.

Employers on average paid $7,416 for employee coverage and $11,352 for parent-child coverage, the survey found. They paid $15,600 on average for husband-wife coverage and $19,116 for family coverage, according to the survey.

"Employers are paying more than ever for health benefits," said Christine Stearns, NJBIA's vice president for health and legal affairs. "Eighty-five percent of companies reported their health-care costs went up over last year."

Ayup, my day job is certainly going to pay more than ever for health benefits. A whopping 21 percent more next year, bringing the per employee cost to $8,652 and family coverage to $26,640 a year. I guess that means we're above average, probably in more ways than one.

Obamacare has been an unmitigated disaster for me and the folks I work with, no doubt about it. Yet there are still die-hard liberals who insist the law is "working." Delusion runs deep, it seems. Because there is no universe where these kind of annual premium increases are sustainable for a small business. Obamacare is going to break our backs. If anyone really believes that's good for America, please tell me why.

Posted at 17:57 by Chris Wysocki [/obamacare] Comments | Perm Link |
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