Get Ready To Pay More For Healthcare

As expected, employers are going to push more cost to employees (those lucky to still have coverage) in 2010.  Everyone should have been expecting this.  In an article on CNNMoney.com, a consultant from Watson Wyatt predicts 10-20% increased cost.  A consultant from Mercer says the catch phrase will be “taking responsibility”.

If anything, this should help Obama and health reform.  Having a huge cost burden pushed to you in one of the worse economies will force people to make tougher decisions and could have a negative impact on overall health.  Additionally, it will push more people into high-deductible plans which require more transparency around cost and quality which while better these days still isn’t there for the masses.