Skip to comments.Rise in Health-Care Premiums Outpacing Inflation, Wages (As predicted, Obamacare a dismal failure)
Posted on 09/11/2012 10:55:01 AM 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 November elections for the White House and Congress.
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.
(Excerpt) Read more at foxbusiness.com ...
Just like college tuition...hmmm, wonder what they have in common?
The insurance business is full of crooks - the government should take it over. (”That's the plan Baby”)
That is probably the ballpark cost of all the new “free” stuff that the insurers are mandated to provide.
Obamacare may be a dismal failure, but as of now, it is the only game allowed on the field.
Either we must become sufficiently informed to become our own physician, or the likelihood of early death shall haunt each of us.
The medical industry loves it!
My wife, my best friend and I all work for small business owners. Each of our employer’s healthcare plans increased by 17-18% since Obamacare kicked in. We were experiencing 3-4% increases annually before Obamacare. Everybody at each of our offices is complaining and talking about getting rid of Bozo and his so-called “affordable care act”. I guarantee ya, Bozo’s days are numbered.
If Bush had enacted Obamacare back in 2001, the health care system would have totally collapsed by the time Obama was elected and Obama could have enacted a single-payer socialist medical plan.
It is, therefore, Bush’s fault.
I just got my renewal today for my company. We have 16 employees, 11 on the health insurance plan. After an increase of 11% last year, our quote is for a 23% increase.
Just can’t do it. Will have to sock it to employees this year, unlike last year’s increase, which I absorbed.
I’m not surprised at all that Obamacare didn’t stop the already-socialist monster from devouring our country, as it wasn’t devised to do so. Much of the medical monster (nurses’ unions, big drug companies, hospital administrators, all) lobbied for Obamacare. The denials and obfuscations of those lobbies are Romanesque.
0bamacare certainly is doing nothing to fix this, the jury still being out. Healthcare costs have been rising 8-9% per annum for at least 15 years.
Health Insurance Costs SkyRocket For College Students Due To Obamacare
And the RAT solution will be more of what’s Been causing it since LBJ screwed us/saddled us with Medicare.