Cost of Employer-Sponsored Health Insurance Skyrockets
The cost of health insurance hasn’t just outpaced the growth of family incomes in the United States—it’s blown past. According to a new study by the Commonwealth Fund, employer-sponsored family health insurance premiums rose by 119% from 1999 to 2008, while median family income rose by only 29%. And the gap is only going to get wider, unless reforms are enacted. The Commonwealth Fund estimates that if premiums are allowed to continue to rise at their current pace, families will go from paying $12,298 a year for health coverage to $23,842 by 2020, a 94% increase.
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- U.S. Chamber of Commerce Serves as International Bulldog for Tobacco Industry
- Could Puerto Rico Go the Way of Greece?
- Obama Pushes to Extend Overtime Pay to 5 Million more Workers
- Oregonians Can Now Legally Smoke Marijuana…but they can’t Buy it or Sell it
- Police Can Arrest You for Calling them Names, but They’ll Lose in Court