Family Medical Insurance Rates Trending Up Once Again
The Kaiser Family Foundation has found an increase in rates for family health insurance occurred. However, the boost was reasonable compared to recent years, as double-digit price increases has been the norm for a while.
Extra medical insurance costing increasingly more
The value of a family normally has more to do with women's rights than other things, but occasionally, there is actually a value. According to Daily Finance, a family of four has a family value of $15,745.
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 purchase a brand new car every year. It is a ridiculously absurd amount to spend on medical insurance.
In the last year, the cost has increased 4 percent. That is actually pretty good since there was a 9 percent increase from 2010 to 2011.
Cost higher for lower income
The yearly survey done by Kaiser will show up in the "Health Affairs" journal.
The overall cost increased, but companies pay most of it. The employee-only plan only increased 3 percent to $5,615 with the employee only paying $950. The family plan was $15,745 total, but the worker only contributed $4,316 of that.
Since 2002, there has been a huge increase in medical 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 considering the $8,003 increased to $10,192 when adjusted for inflation.
Workers at companies where at least 35 percent of workers make less than $24,000 per year pay $1,000 more in insurance premiums than corporations where at least 35 percent of workers make at least $55,000 a year. That means it is more expensive to get health care for lower-wage workers, according to CNN.
Not even inflation causing it
According to the New York Times, in 2007, 21 percent of healthcare plans had deductibles of $1,000 or more. This has even increased since half of all plans have the high deductible now.
According to the Washington Post, part of the problem with family health insurance plans is that wages are not keeping pace. Since 1999, medical insurance rates have risen 172 percent and employee contributions have risen 180 percent. Wages have risen only 47 percent in that time, just above the 38 percent rise in central price inflation since that year.
Extra medical insurance costing increasingly more
The value of a family normally has more to do with women's rights than other things, but occasionally, there is actually a value. According to Daily Finance, a family of four has a family value of $15,745.
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 purchase a brand new car every year. It is a ridiculously absurd amount to spend on medical insurance.
In the last year, the cost has increased 4 percent. That is actually pretty good since there was a 9 percent increase from 2010 to 2011.
Cost higher for lower income
The yearly survey done by Kaiser will show up in the "Health Affairs" journal.
The overall cost increased, but companies pay most of it. The employee-only plan only increased 3 percent to $5,615 with the employee only paying $950. The family plan was $15,745 total, but the worker only contributed $4,316 of that.
Since 2002, there has been a huge increase in medical 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 considering the $8,003 increased to $10,192 when adjusted for inflation.
Workers at companies where at least 35 percent of workers make less than $24,000 per year pay $1,000 more in insurance premiums than corporations where at least 35 percent of workers make at least $55,000 a year. That means it is more expensive to get health care for lower-wage workers, according to CNN.
Not even inflation causing it
According to the New York Times, in 2007, 21 percent of healthcare plans had deductibles of $1,000 or more. This has even increased since half of all plans have the high deductible now.
According to the Washington Post, part of the problem with family health insurance plans is that wages are not keeping pace. Since 1999, medical insurance rates have risen 172 percent and employee contributions have risen 180 percent. Wages have risen only 47 percent in that time, just above the 38 percent rise in central price inflation since that year.
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