Decline of Employer Family Coverage

Employer-Sponsored Health Insurance for Family Coverage Costs $20,576... Up 54% in the Last 10 Years.

Meanwhile, the Employee Premium Contribution for Family Coverage is $6,015... UP 71% in the Last 10 Years.

However, Household Income After Paying the Employee Contribution for Family Health Insurance Coverage is DOWN 1% in the Last 10 Years.

Just the Premium Contributions Alone for Family Health Insurance Have Made Americans POORER Than They Were 10 Years Ago.

This Decrease in Household Income Represents at $60 Billion Per Year Wealth Transfer from American Families to the Healthcare System... Including the Pockets of Doctors, Hospitals, Insurance Companies, Pharmaceutical Companies, Medical Device Companies and Insurance Brokers/Consultants.

**Overall Inflation Over the Last 10 Years Was 21%

Sources:

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[kaonkatae]

This is great data! Thank you for compiling and presenting it. You are a veritable wizard, sir!

[danmalone]

Greatly appreciate your videos, but can't agree with your conclusion that the ~$500 loss in net household income from 2009 - 2019 went to the healthcare industry. Based on your analysis -- which is change in household income minus the average employee contribution to health insurance -- the $500 difference during this 10-year period went as a collective savings of $60 billion to employers. In other words, employers made their employees bear more of the cost of rising health insurance premiums, even more than the raises they were giving.

The healthcare industry, on the other hand, increased its costs during these 10 years by 54%, which was a cost born by both the employee and the employer.