For Release — Wednesday, November 28, 2007
NEW YORK HEALTH INSURANCE PREMIUMS CONTINUE TO INCREASE
ALBANYHealth-care insurance premiums in New York are about $500 a year more than the average state, but employers are protecting workers from much of the gap by picking up a larger than average share of the cost, a new analysis by the Public Policy Institute shows.
The analysis is part of the Public Policy Institute's Just the Facts, an on-line compendium of key economic and social indicators. The detailed table is available at www.ppinys.org/reports/jtf/healthinsurance.html.
The new analysis of data from federal Medical Expenditure Panel Survey (MEPS) found that total insurance premiums for family coverage was $11,280 in 2005-5 percent above the national average and the 11th highest in the nation.
But while the total premium in New York was above average, the percentage of premium paid by the average New York employee was slightly below the average in other states—23 percent versus the national average of 24 percent.
New York employers paid more toward employee health insurance in 2005 than employers in 38 other states, picking up 77 percent of the total family premium cost compared to the national average of 76 percent.
The cost of a total family premium in New York increased 59 percent between
2000 and 2005, from $7,090 to $11,280. Nationally, premiums increased
All tables in the Just the Facts series are available at www.ppinys.org/reports/JustTheFacts.html.