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Employers cutting health insurance coverage

Posted On Tue, May 1, 2012

The Employee Benefits Research Institute released findings that explained some Americans have been losing healthcare coverage because their employer has cut funding for the practice.

The total amount of employers who offered some type of healthcare plan in 2002 was 72 percent, the report said. However, by 2010 the figure declined to 67.65 percent. The employer-sponsored insurance take-up rate dropped from 86 percent in 1997 to 86.3 percent in 2010.

"The majority of uninsured workers report that they are not covered by health benefits because their employers did not offer coverage," said Paul Fronstin, senior research associate for EBRI. "In 2010, 58.2 percent of uninsured workers reported that they worked for employers that did not offer health benefits to any employees. This is up from 53.1 percent in 1997."

If a person is concerned about their healthcare situation due to their employer cutting back coverage, it may be a good idea to look for a private plan elsewhere. By comparing health insurance rates, it may be possible to get a better plan than the person already has.

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