Report Shows Health Insurance Decreasing in Small Businesses

In 2010, small businesses with fewer than 50 employees cut back on health insurance options, as only 49 percent of workers in small firms were offered and eligible for employer-sponsored healthcare, according to a report from The Commonwealth Fund.

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That is down from 58 percent in 2003. In comparison, roughly 90 percent of employees in firms with 100 or more employees were offered and eligible for health insurance in both 2003 and 2010, according to the report.

Other findings from The Commonwealth Fund’s report included:

•    Only 34 percent of employees making $15 per hour or less at small firms were offered and eligible for their employer’s health plan compared with than 70 percent of low-wage workers in larger firms.

•    Forty-five percent of employees in small businesses said they had trouble paying medical bills in 2010.

•    Two-thirds of small-business employees said they were turned down when they tried to buy their own coverage, found it hard to find coverage they needed and/or found it hard to find affordable coverage.

More Articles on Employer-Based Health Coverage:

Major Companies to Hospitals, Health Insurers: “Give Us Your Price Data”

Health Premiums Grow at Lowest Rate in 6 Years

Healthcare Spending Among Insured Climbed 4.6% in 2011

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