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Americans dissatisfied with healthcare costs.

The Employee Benefit Research Institute (EBRI) in Washington, D.C. recently released results of its 2006 health confidence survey indicating that while most Americans are pleased with the quality of healthcare service they receive, less than 20 percent are satisfied with healthcare costs. Even though health insurance premium rates experienced one of their smallest increases in the past year, still a 7.7 percent increase is twice the rate of wage increase for most employees, says Paul Fronstin, EBRI director of health research.

Overall, those surveyed said that paying more for insurance--and subsequently, also paying more for actual healthcare services delivered that are just partially covered or not covered by insurance--means they are saving less. More than 35 percent of survey respondents said they had to reduce contributions to their retirement savings to accommodate increased healthcare expenses, and 53 percent said they reduced contributions to other savings vehicles as well.
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Title Annotation:Healthcare Costs; Employee Benefit Research Institute
Publication:Health Management Technology
Article Type:Brief article
Geographic Code:1USA
Date:Dec 1, 2006
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