Health Care Costs Increase in 2008 for the Industry

May 27, 2008     No Comments

When comparing states in the Midwest, the 2008 Healthcare eSurvey found more than 43 percent of healthcare organizations surveyed had an increase in their health insurance premium.

Kansas City, Kan. -  Health insurance costs are rising across the country, and the health care industry is no exception. When comparing states in the Midwest, the 2008 Healthcare eSurvey found more than 43 percent of healthcare organizations surveyed had an increase in their health insurance premium. The number of organizations utilizing wellness programs is above 50 percent for all states.

The percentage of healthcare organizations with an increase ranged from 43.3 percent to 75.9 percent. In seven states, more than half of the healthcare organizations surveyed had a premium increase. Missouri had the smallest percentage of organizations with an increase, and Michigan had the highest.

State

Percent of Healthcare Organizations with Increase

Average Premium Increase

Iowa

56.4%

13.8%

Illinois

44.8%

8.6%

Indiana

50.8%

9.7%

Kentucky

53.2%

9%

Michigan

75.9%

10.2%

Missouri

43.3%

10.2%

Nebraska

60.2%

7.8%

Ohio

51.5%

9.6%

Tennessee

51.4%

10%

When comparing the states surveyed, the 2008 Healthcare eSurvey found Iowa had the highest premium increase, 13.8 percent. Michigan and Missouri followed with both at 10.2 percent.  Comparatively, Nebraska had the lowest premium increase, 7.8 percent. Illinois and Kentucky rounded out the lowest three with 8.6 and 9 percent respectively.

To contain rising costs, healthcare organizations utilized a variety of methods. In the nine states surveyed, the 2008 eSurvey results found at least 50 percent of all healthcare organizations used wellness programs. In Missouri, nearly 80 percent of healthcare providers employed this method to contain costs. Kentucky and Ohio healthcare providers followed with 76 and 75 percent, respectively.

State
Percent Using Wellness Programs
Iowa
61.9%
Illinois
67.4%
Indiana
71.1%
Kentucky
76%
Michigan
67.3%
Missouri
79.3%
Nebraska
62.3%
Ohio
75%
Tennessee
51.4%

About the Survey
The 2008 Healthcare eSurvey results feature data for more than 300 health care specific job titles and also contain data by bed size, number of employees, revenue and geography. The results provide a comprehensive summary of pay and benefits data tailored to the health care industry with an effective date of January 1, 2008. For further information about the compensation and benefits surveys, contact Amy Kaminski at (800) 300-9570 or akaminski@compdatasurveys.com.

Care to Share?

Topics:

Top