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Health care industry not immune from rising medical insurance premiums, survey says Posted: June 2nd, 2011

By Maryalene LaPonsie

As businesses across the nation contend with rising medical insurance costs, a new survey finds that the health care industry is not exempt from increasing premiums. Respondents to the 2011 Compensation Data Healthcare survey indicate that medical insurance premiums for health care industry businesses grew an average of 9.5 percent.

On average, health care companies pay $2,400 to $7,200 for employee-only health plans. Family plans can be considerably more expensive. According to the survey, 69 percent of employers pay more than $9,600 annually for health plans that include family coverage.

Fighting back with health insurance deductibles, contributions, plan options

To contend with rising health insurance rates, many businesses are shifting costs to employees. Nearly half of the organizations surveyed increased health plan deductibles, while 63 percent increased employee contributions to premium payments.

In addition, employers are increasingly turning to high-deductible health plans to control costs. While just 19.4 percent of employers reported that they provide a high-deductible option in the 2011 survey, that's a big increase from the 13 percent of employers who reported offering them in 2009. The most popular medical insurance option continues to be PPOs with 84.3 percent of respondents offering these health plans.

The 2011 Compensation Data Healthcare survey was conducted by Compdata Surveys, a compensation and benefits survey data provider.