According to the Kaiser Family Foundation, health insurance premiums rose on average 7.7% in 2006, which is twice the rate of inflation. What is particularly startling is the difference between wage and premium growth. Since 2000, health insurance has gone up 87%; wages have gone up 20%. The average cost for health insurance for individuals is $4242 per year. For families, the cost is $11,480. As employers move away from offering health benefits to their employees, the burden will fall on employees, putting further strain on their budgets.
Steve - these numbers become more and more staggering. Until we change the health care paradigm and focus on prevention, the numbers will continue to increase.
Wednesday, September 27, 2006
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