Skip to comments.Sharp Rise in U.S. Health Insurance Cost, Study Finds
Posted on 09/27/2011 8:50:40 AM PDT by Oldeconomybuyer
The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers wages and adding more uncertainty about the pace of rising medical costs.
A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year.
The open question is whether thats a one-time spike or the start of a period of higher increases, said Drew Altman, the chief executive of the Kaiser foundation.
(Excerpt) Read more at nytimes.com ...
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Is that not the same Kaiser who put money into Solyndra?
Well I can say that my insurance went up more than 9%. It went from $113 a month to $270. That hurts when on a fixed income.
You can buy a bottle of wine for $10, you can buy one for $300, and you can buy some bottles for tens of thousands. Health care insurance options should be no different. If you are young and healthy you essentially need mostly catastrophic health insurance. There should be more competition and more options such that people can customize their insurance coverage and costs to fit their needs and their finances.
Yeah, sure....THAT must be it.
Business has not rebounded for my wife’s company. Rather than cut employees, they cut health care benefits. I’m sure the rising costs had a lot to do with their decision. We had to go out and buy our own, and it’s very expensive. At least I can deduct the cost through my business.
But this isn’t unexpected at all. The whole point of the program was to herd people onto the government collective farm. Of course, the fact that 0bama blatantly lied about how wonderful 0bamacare would be has been completely covered up by the media.
1. Allow insurers to sell across state lines.
2. Allow insurers to vary their protocol for end-of-life care. If someone wants to save $200 a month on health care in exchange for not being covered for procedures that on average extend life for only a month or less, why is that anyone else’s business? The insurers should have to spell out the rules up-front, though.
The states need to:
1.Clamp down on MediCaid eligibility and abuse. (ration medical welfare)
2.Adopt MediCaid vouchers (for those eligible) which would pay group insurance premiums instead of paying willy-nilly for frivolous claims.
3.Ban the unethical practice of “cost shifting” where hospitals shift their losses from giving “free healthcare” to the insured or cash paying patients.
Unfortunately, my insurance is self-issued by the Conference. They do what they want to do and I have no recourse except to opt for AARP and I don’t want to have anything to do with that. So far I can’t find anything cheaper for a family supplement plan.
Over 15K per. Time for the employer to start their OWN insurance “company.” Minus the fascists.
My company has what Obamacare labels a “Cadillac” plan. We provide full FAMILY Health/Dental for our employees at no charge to them. Our cost last year was $1900 a MONTH per employee, this year it raised to $2200 a month.
As a result we had to cap pay raises at 3% this year, after running anywhere from 5-9% maximum for the last 10 years.
As of right now we are still providing the coverage at no charge to the employee, but we may have to drop coverage completely in the future. We did an analysis and the “Penalty” for not providing health insurance will be less than 5% of our current cost.
Have you looked into AMAC?http://www.amac.us/join-amac/
I know about it and have given thought to checking them out. What I pay for my family supplement (we are on Medicare) is only 30% of the actual cost. The Conference pays 70%. It seems excessively high to me.
O.K. Best of luck to you.