The Kaiser Family Foundation has found an increase in premiums for family health insurance occurred. However, the increase was reasonable when compared with recent years, as double-digit price increases has been standard for some time.
Cost of medical insurance absurd
Everyone has heard some sort of inane spiel about "family values" at some time. Much of the time it's double-speak for "nullifying women's rights," but in certain cases there's a monetary value involved. One "family value" for a family of four is actually, according to Daily Finance, $15,745.
That is enough money to use cash and buy a new car annually. It is really the cost of medical insurance for a family of four with two adults and two kids, according to the Kaiser Family Foundation survey.
There is some good news, though, in that the increase over last year was moderate, at only 4 percent. In 2011, the same survey, which is compiled annually, discovered a 9 percent increase over 2010.
Low income worker pay more
The yearly survey done by Kaiser will show up in the "Health Affairs" journal.
Though the overall cost has gone up, the price of family health insurance falls mostly on the shoulders of companies. The average employer contribution was $11,429 of the $15,745 total, whereas the employee contribution was $4,316. However, employee-only plan increased only 3 percent, to $5,615, with an employee contribution of $950.
That has increased substantially since 2002, according to CNN, when the average family insurance premium was $8,003. In that year, average employer contribution was $5,866 and the average employee contribution was $2,137. However, adjusted for inflation, $8,003 works out to $10,192, so the cost has increased in real and nominal terms.
Rates are also more costly for lower-wage workers, according to CNN, as workers of corporations where at least 35 percent of workers make $24,000 or less per year typically pay $1,000 more than at corporations where at least 35 percent of employees make $55,000 per year or more.
Not even inflation triggering it
Deductibles have also increased. According to the New York Times, roughly half of all plans have deductibles of $1,000 or more, when compared with 21 percent in 2007.
According to the Washington Post, part of the issue with family medical insurance plans is that wages are not keeping pace. Since 1999, medical insurance premiums 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.
Cost of medical insurance absurd
Everyone has heard some sort of inane spiel about "family values" at some time. Much of the time it's double-speak for "nullifying women's rights," but in certain cases there's a monetary value involved. One "family value" for a family of four is actually, according to Daily Finance, $15,745.
That is enough money to use cash and buy a new car annually. It is really the cost of medical insurance for a family of four with two adults and two kids, according to the Kaiser Family Foundation survey.
There is some good news, though, in that the increase over last year was moderate, at only 4 percent. In 2011, the same survey, which is compiled annually, discovered a 9 percent increase over 2010.
Low income worker pay more
The yearly survey done by Kaiser will show up in the "Health Affairs" journal.
Though the overall cost has gone up, the price of family health insurance falls mostly on the shoulders of companies. The average employer contribution was $11,429 of the $15,745 total, whereas the employee contribution was $4,316. However, employee-only plan increased only 3 percent, to $5,615, with an employee contribution of $950.
That has increased substantially since 2002, according to CNN, when the average family insurance premium was $8,003. In that year, average employer contribution was $5,866 and the average employee contribution was $2,137. However, adjusted for inflation, $8,003 works out to $10,192, so the cost has increased in real and nominal terms.
Rates are also more costly for lower-wage workers, according to CNN, as workers of corporations where at least 35 percent of workers make $24,000 or less per year typically pay $1,000 more than at corporations where at least 35 percent of employees make $55,000 per year or more.
Not even inflation triggering it
Deductibles have also increased. According to the New York Times, roughly half of all plans have deductibles of $1,000 or more, when compared with 21 percent in 2007.
According to the Washington Post, part of the issue with family medical insurance plans is that wages are not keeping pace. Since 1999, medical insurance premiums 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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