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
- Trump at 100 Days: What the Polls Say
- Co-Chair of the Appalachian Regional Commission: Who Is Tom Wolf?
- Vice Chair of the United States-China Economic and Security Review Commission: Who Is Dennis Shea?
- Chair of the State Justice Institute: Who Is Chase Rogers?
- Acting Chair of the U.S. Commission on Civil Rights: Who Is Patricia Timmons-Goodson?