The Importance of U.S. Manufacturing

23. Manufacturers Support Health Insurance for Workers and Families

In 1999, the average premium for family coverage in the manufacturing sector averaged $5,788. By 2013, this figure rose to $15,082. The 11 percent annual rate of increase over 14 years was more than double the rate posted by the Producer Price Index, which reflects the changes in prices that manufacturers charge for their output.

In the face of rising health insurance premiums, manufacturers roughly maintained their percent contribution for individual coverage from 2006 to 2013 and have made modest reductions for more expensive family coverage. The average contribution for premiums made by manufacturers in 2013 was $4,151 for single coverage and $10,859 for family coverage. Thus, an average company providing coverage for the families of 1,000 employees would pay premiums in excess of $10.8 million annually.

To Employment and Compensation

17

Manufacturing Job Gains Are Largest in the Northwest and Midwest Percentage Change in Manufacturing Employment by State, Dec. 2009-Oct.2013

18

A Wide Range of Occupations Contribute to U.S. Manufacturing Production

19

Both Professional and Semi-Skilled Employees Staff the Non-Production Side of U.S. Manufacturing

20

Manufacturing Supports Millions of U.S. Jobs in Other Sectors

21

Manufacturing Pays Higher Average Compensation

22

Manufacturing Is a Leader in Offering Healthcare Benefits

23

Manufacturers Support Healthcare Insurance for Workers and Families

24

Trade Engagement Pays Through Higher Wages