Thursday, June 12, 2014

On Average, Private Industry Health Insurance Employer Costs Are 7.9 Percent Of Compensation

From US Department of Labor, Bureau of Labor Statistics, Economic News Release, "Employer Costs for Employee Compensation - March 2014":
Health insurance costs in private industry

The average cost for health insurance benefits was $2.36 per hour worked in private industry (7.9
percent of total compensation) in March 2014. In March 2004, employer costs for health benefits
averaged $1.53, or 6.6 percent of total compensation.
Employer costs for health insurance benefits were significantly higher for union workers, averaging $5.54 per hour worked (12.6 percent of total compensation), than for nonunion workers, averaging $2.04 (7.1 percent).

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