Cost of health benefits: $1.64 per hour in March 2005
June 17, 2005
The average employer cost for health benefits was $1.64 per hour worked in private industry in March 2005—6.8 percent of total compensation.
Five years earlier, in March 2000, employer costs for health benefits averaged $1.09, or 5.5 percent of total compensation.
Employer costs for health benefits varied by industry, occupation, bargaining status, region, and establishment size. For example, in goods-producing industries in March 2005, health benefit costs were higher, $2.28 per hour, than in service-providing industries, $1.48 per hour. Another example: Employer costs for health benefits were significantly higher for union workers, averaging $3.41 per hour, than for nonunion workers, averaging $1.42.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Cost of health benefits: $1.64 per hour in March 2005 on the Internet at http://www.bls.gov/opub/ted/2005/jun/wk2/art05.htm (visited May 30, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.