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This quote is just one of 9 total Larry Levitt quotes in our collection. Larry Levitt is known for saying 'As long as the growth in health insurance premiums far outpaces the growth in wages, the erosion in the workplace will continue.' as well as some of the following quotes.
As long as the growth in health insurance premiums far outpaces the growth in wages, the erosion in the workplace will continue.
In many ways what's been happening in the economy hits them (working poor families) the worst. Those with higher incomes are more likely to have employer-provided insurance. And many lower-income (people) have Medicaid to fall back. For that in-between group, there's nothing.
In 2005, health insurance premiums rose by 9.2 percent, which was three times the increase in wages. Certainly, there are no signs of that abating. It's very likely that in 2006, health care costs will continue to squeeze out wage increases.
I think for the industry, it is also the most significant because it has the potential -- if litigation gets out of control -- to really increase costs a lot.
Most people who are eligible for COBRA don't take it. About 20 percent of eligible people use it. The other 80 percent buy on the individual market, or are uninsured.
This quote is just one of 9 total Larry Levitt quotes in our collection. Larry Levitt is known for saying 'As long as the growth in health insurance premiums far outpaces the growth in wages, the erosion in the workplace will continue.' as well as some of the following quotes.