Workers’ confidence about the future of the health care system is low

Workers’ confidence about specific aspects of the health care system overall is mixed, and falls the further out into the future one looks, according to recent research from the Employee Benefit Research Institute (EBRI). The 2017 Health and Workplace Benefits Survey found that while 45 percent of workers are extremely or very confident about their ability to get the treatments the need today, only 34 percent are confident about their ability to get needed treatments during the next 10 years, and just 26 percent are confident about this once they are eligible for Medicare.

Similarly, the survey of 1,518 workers ages 21 to 64 found that 30 percent of workers say they are confident that they are able to afford health care without financial hardship today, but this percentage decreases to 26 percent when they look out over the next 10 years and to 23 percent when they consider the Medicare years.

Confidence in workers’ own health plans remains high, noted EBRI. Workers tend to be more favorable about their own health plans than they are about the health care system overall. One-half of workers with health insurance coverage are extremely or very satisfied with their current health plan. Workers are generally confident that their employers or unions will continue to offer health insurance in the future. Nearly two-thirds (63 percent) of workers report that they are extremely or very confident.

The survey also found the following:

  • Health care most critical issue: Workers rank health care as the most critical issue in the nation. In 2017, 31 percent of workers rank health care as the most critical issue in the United States. And more concretely, 60 percent of workers report that health insurance is extremely important when considering whether to stay in or choose a new job, whereas only 42 percent report that a retirement savings plan is extremely important.
  • Health care system poor or fair: In 2017, a majority of workers (55 percent) describe the health care system as poor (25 percent) or fair (30 percent).
  • Workers concerned about cost: Workers’ dissatisfaction with health insurance is focused primarily on cost: just 22 percent are extremely or very satisfied with the cost of their health insurance plan, and only 18 percent are satisfied with the costs of health care services not covered by insurance. Approximately one-half of workers (48 percent) report having experienced an increase in health care costs in the past year, about the same percentage as in 2016 and 2015, but down from 61 percent in 2013.
  • Workers satisfied with quality: Workers are generally satisfied with the quality of medical care received. One-half of workers (49 percent) say they are extremely or very satisfied with the quality of the medical care they have received in the past two years, 33 percent are somewhat satisfied, and 13 percent are not too (8 percent) or not at all (5 percent) satisfied.
  • Rising health care costs has implications for financial wellbeing: Of the one-half of workers reporting cost increases, 26 percent state they have decreased their contributions to retirement plans, and 43 percent have decreased their contributions to other savings. More than one-quarter also report they have had difficulty paying for basic necessities such as food, heat, and housing, while 36 percent say they have had difficulty paying other bills. Nearly one-third say they have used up all or most of their savings or have increased their credit card debt, 22 percent report that they have borrowed money, 27 percent have delayed retirement, 19 percent have dropped other insurance benefits, 15 percent have taken a loan or withdrawal from a retirement plan, and 13 percent have purchased additional insurance to help with expenses.

SOURCE: www.ebri.org
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