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December 02, 2005

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The statistic on its own doesn't really tell the whole story and an increase in employees' share of health care costs can actually be a good thing.

For example, if your share of medical costs is only 10%, you won't seek out generic drugs and you might have a tendency to see a doctor everytime you have a sniffle. If your share the costs is boosted to 20-25% (a 100-150% increase), now all of a sudden you have an interest in holding down the total costs.

No one wants to have to shell out more dough for medical care, so we all need to be more responsible about it to help keep insurance costs down.

then again it could be like my story...I was paying 0% of my health insurance and then suddenly mid-year my company switched to making employees pay 50%. That's not so bad in the long run, but we have no choice of plans...we are locked into paying for a PPO only (no less expensive HMO option) - and our company basically "encouraged" folks with other healthcare options to drop off their plan...fewer subscribers meant less of a price break and it wasn't economical for the company to offer the "individual plus one" tier of coverage even though more than half of the non-single subscribers are in couples without children.

So I went from owing nothing for healthcare to owing nearly $400 a month post-taxes which is pretty brutal when it's sprung on you. I just wish I had a choice of health care plans, an HMO is plenty for my uses and a PPO leaves me paying a great deal more for services I dont' really need or use.

I am certainly grateful I have healthcare at all...and my company is just trying to survive, so I'm grateful I even have a job still ;) but I wish they had been a little more cost conscious from the get go with healthcare.

It's unfortunate to see health care costs rising so rapidly. I hope costs can go down and more can be covered.

That's not so bad in the long run, but we have no choice of plans...we are locked into paying for a PPO only (no less expensive HMO option) - and our company basically "encouraged" folks with other healthcare options to drop off their plan...fewer subscribers meant less of a price break and it wasn't economical for the company to offer the "individual plus one" tier of coverage even though more than half of the non-single subscribers are in couples without children.

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