The Kaiser Family Foundation has found a rise in premiums for family health insurance occurred. However, the increase was moderate compared to recent years, as double-digit price increases has been standard for some time.
Paying as much for a brand new car for health insurance
The family value for a family of four is $15,745, according to Daily Finance. Those most people would not actually refer to numbers when thinking about the value of a family, evidently a number could be attached.
A recent survey by the Kaiser Family Foundation points out that it is the same cost as health insurance for a family of four with two kids and two adults. That is really expensive considering it is enough cash to buy a brand new car yearly. It is a ridiculously absurd amount to spend on health insurance.
There is some good news, though, in that the increase over last year was moderate, at only 4 percent. In 2011, the same survey, which is compiled annually, discovered a 9 percent increase over 2010.
Worse for lower income workers
Kaiser's survey is annual and is being released this year in the journal "Health Affairs."
Though the overall cost has gone up, the price of family medical insurance falls mostly on the shoulders of employers. The average employer contribution was $11,429 of the $15,745 total, whereas the employee contribution was $4,316. However, employee-only plan increased only 3 percent, to $5,615, with an employee contribution of $950.
Since 2002, there has been an enormous increase in health insurance costs, according to CNN. The average employee contribution in 2002 was $2,137 with a total of $8,003. The cost has increased in real terms thinking about the $8,003 increased to $10,192 when adjusted for inflation.
CNN points out those lower-wage employees really pay more for medical insurance. Companies where at least 35 perfect of employee make over $55,000 a year paid $1,000 less in insurance rates than companies where 35 percent or more of workers made $24,000 or less per year.
Increasing considerably
Deductibles have also increased. According to the New York Times, roughly half of all plans have deductibles of $1,000 or more, compared to 21 percent in 2007.
The cost of health care premiums have increased 172 percent since 1999, and employee contributions have seen 180 percent increases since that time, according to the Washington Post. During the same time, inflation increased 38 percent and wages increased 47 percent. That means that health care costs are rising higher than could be managed and quickly too.
Paying as much for a brand new car for health insurance
The family value for a family of four is $15,745, according to Daily Finance. Those most people would not actually refer to numbers when thinking about the value of a family, evidently a number could be attached.
A recent survey by the Kaiser Family Foundation points out that it is the same cost as health insurance for a family of four with two kids and two adults. That is really expensive considering it is enough cash to buy a brand new car yearly. It is a ridiculously absurd amount to spend on health insurance.
There is some good news, though, in that the increase over last year was moderate, at only 4 percent. In 2011, the same survey, which is compiled annually, discovered a 9 percent increase over 2010.
Worse for lower income workers
Kaiser's survey is annual and is being released this year in the journal "Health Affairs."
Though the overall cost has gone up, the price of family medical insurance falls mostly on the shoulders of employers. The average employer contribution was $11,429 of the $15,745 total, whereas the employee contribution was $4,316. However, employee-only plan increased only 3 percent, to $5,615, with an employee contribution of $950.
Since 2002, there has been an enormous increase in health insurance costs, according to CNN. The average employee contribution in 2002 was $2,137 with a total of $8,003. The cost has increased in real terms thinking about the $8,003 increased to $10,192 when adjusted for inflation.
CNN points out those lower-wage employees really pay more for medical insurance. Companies where at least 35 perfect of employee make over $55,000 a year paid $1,000 less in insurance rates than companies where 35 percent or more of workers made $24,000 or less per year.
Increasing considerably
Deductibles have also increased. According to the New York Times, roughly half of all plans have deductibles of $1,000 or more, compared to 21 percent in 2007.
The cost of health care premiums have increased 172 percent since 1999, and employee contributions have seen 180 percent increases since that time, according to the Washington Post. During the same time, inflation increased 38 percent and wages increased 47 percent. That means that health care costs are rising higher than could be managed and quickly too.
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