15 September 2005

Health Insurance Costs.

According to a Kaiser Family Foundation study:

This year the survey found that average annual premiums for family [health insurance] coverage grew more than 9% since last year to $10,880. A minimum wage worker earns $10,712 before taxes.

The percentage of businesses offering their workers health insurance has dropped from 69% to 60% in just five years. Small businesses can't afford it anymore. Premiums are up 73% since 2000. Employee contributions are up 248% since 2002.

This is a national crisis. And, few people even have any clue why the premiums continue to rise at rates far above the rate of inflation. Double digit insurance premium increases year after year are not sustainable.

1 comment:

Anonymous said...

Health insurance costs are rising each year and something must be done to improve situations for the millions which lack coverage.