Health benefit costs in private industry, March 2008
June 12, 2008
The average cost for health insurance benefits was $1.92 per hour worked in private industry (accounting for 7.2 percent of average total compensation of $28.46) in March 2008.
Among occupational groups, employer costs for health benefits ranged from 90 cents per hour for service workers to $2.77 for management, professional, and related occupations.
Among other occupational categories, employer costs for health benefits averaged $1.67 for sales and office occupations, $2.30 for natural resources, construction, and maintenance occupations, and $2.21 for production, transportation, and material moving occupations.
Employer costs for health benefits were significantly higher for union workers, averaging $3.95 per hour, than for nonunion workers, averaging $1.68.
Five years earlier, in March 2003, employer costs for health benefits averaged $1.41, or 6.3 percent of total compensation.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Health benefit costs in private industry, March 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk2/art04.htm (visited July 01, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
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.