Workers with Employer Health Coverage on Decline in NY
Posted November, 17 2010 by arianne
A new survey released today by the New York State Health Foundation finds that the percent of workers in New York with employer-sponsored heath insurance has fallen drastically in the past decade, from 69% in 2001 to a current low of 58%. New York now lags the national average of 65%.
The analysis also found that while firms that offer health insurance has remained level at 70%, struggling employers have been forced to place more restrictions on eligibility for coverage, shift more costs onto workers, and increase limits on coverage options. As a result, fewer employees are now accepting employer coverage.
These findings highlight the much-needed relief that will be brought by the new tax credits offered to small businesses under the federal health reform law.