Skip to comments.Employer healthcare premiums outpace inflation, wages (This is what Obama calls "better off".)
Posted on 09/23/2012 6:58:42 PM PDT by tobyhill
U.S. health insurance premiums have climbed faster than wages and inflation this year, and look poised to accelerate in 2013, adding to voter concerns about soaring healthcare costs ahead of national elections in November.
A study released on Tuesday showed that premiums for employer-sponsored health plans, which cover about 149 million Americans, grew a modest 4 percent to $15,745 in 2012. It was a substantially slower rate of growth than in past years, including 2011, when premiums jumped 9 percent.
But the study's authors, at the nonpartisan Kaiser Family Foundation and the Health Research and Educational Trust, said higher costs still took a bigger bite from the income of middle-class employees, whose wages advanced only 1.7 percent, as employers shifted more healthcare costs to their workers.
Rising costs could present a challenge for both President Barack Obama and Republican Mitt Romney in their battle for the White House. They also pose a dilemma for employers, which shoulder most of the cost and face the choice of absorbing ever-higher charges or making their workers pay more.
(Excerpt) Read more at cnbc.com ...
I’m feeling the impact of that currently, my employer annually re-does our healthcare benefits in September. My premiums practically doubled and my coverage is lower.
“General inflation rate of 2.3%”. . . .
Where ?? Gas is way up, food has doubled in price in the last 4 years, utility bills are going through the roof. . .
This is nothing new. Premiums have outpaced inflation almost as far back as I can remember.
socialized medicine is a progressive wetdream...
“Inflation” rate includes interest rates in the formula so as long as they hold constant or decline it’s all in your head.
“My premiums practically doubled and my coverage is lower.”
“You can keep your current plan.”
Yeah right, I work for a major tire manufacturer in NE Ohio, and we were advised our rates are increasing just last week.
Much of what we are experiencing is so unnecessary.
It appears the idea wasn’t for ObamaCare to succeed in the stated goals but to drive everyone to BEG for single-payer as relief!
Will the debates cite this information to Obama and challenge his "signature legislation?"
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