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Employer healthcare premiums outpace inflation, wages (This is what Obama calls "better off".)
CNBC ^ | 9/11/2012 | reuters

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 ...


TOPICS: Extended News; News/Current Events
KEYWORDS: healthcare; obama; obamacare; obamalies

1 posted on 09/23/2012 6:58:52 PM PDT by tobyhill
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To: tobyhill

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.


2 posted on 09/23/2012 7:04:35 PM PDT by PJBankard (I told my friends I was heading to Octermocty for the weekend. They replied... "Wear the fox hat")
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To: PJBankard
My company dropped my insurance. They would rather pay the $2,000 penalty than pay $4,000 a year for health premiums.
3 posted on 09/23/2012 7:07:33 PM PDT by tobyhill (Obamacare, the final nail in the US coffin.)
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To: tobyhill

“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. . .


4 posted on 09/23/2012 8:33:30 PM PDT by Salgak (Acme Lasers presents: The Energizer Border. I **DARE** you to cross it. . . .)
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To: tobyhill

This is nothing new. Premiums have outpaced inflation almost as far back as I can remember.


5 posted on 09/23/2012 8:40:25 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: tobyhill; sickoflibs
on track for single payer, but nobody saw this coming...

socialized medicine is a progressive wetdream...

6 posted on 09/23/2012 8:44:47 PM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Salgak

“Inflation” rate includes interest rates in the formula so as long as they hold constant or decline it’s all in your head.


7 posted on 09/23/2012 9:07:30 PM PDT by lightman (Settling for the "lesser of two..." is still choosing Evil)
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To: PJBankard

“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.


8 posted on 09/23/2012 9:50:37 PM PDT by Bshaw (A nefarious deceit is upon us all!)
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To: tobyhill
My company does the annual signup for benefits every November. My wife dropped her employer provided coverage when the city changed providers. The new coverage was essentially a medical savings account that was disallowed if she had access to my FlexSpend account. We went from pretty good double coverage to barely adequate single coverage.
9 posted on 09/23/2012 10:50:46 PM PDT by Myrddin
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To: Gilbo_3

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!


10 posted on 09/23/2012 11:22:26 PM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: tobyhill
Will Romney press this?

Will the debates cite this information to Obama and challenge his "signature legislation?"

11 posted on 09/23/2012 11:24:13 PM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: Bshaw
In our notice of Open Enrollment this statement appeared multiple times: "Increases due to the Patient Protection and Affordable Care Act..."
12 posted on 09/24/2012 1:28:23 AM PDT by sr4402
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To: tobyhill

bkmk


13 posted on 09/24/2012 6:14:56 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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