Kaiser Foundation study: Americans paying more for health care
By Mark Schwanhausser, The Mercury News, 09/11/2007
There’s only a bit of good news for workers and employers when it comes to rising health care costs: Premiums for employer-sponsored health insurance rose just 6.1 percent in 2007, according to the Kaiser Family Foundation’s prominent national survey, being released today. This marks the fourth consecutive year that the rate of increase has slowed, and the rate is less than half the 13.9 percent mark set in 2003.
Despite that slight relief:
• Premiums still have vaulted 78 percent since 2001 - rising four times faster than wages or inflation….“What this says to me is that health insurance is increasingly becoming unaffordable for many working people and small- and medium-size businesses,” said Drew Altman, the Kaiser foundation’s chief executive in Menlo Park. “They’re getting nicked whatever they do, and they have fewer choices.”…
The New York Times, Smaller Rise in Health Premiums
By Milt Freudenheim, September 11, 2007
The cost of employer-sponsored health insurance premiums has increased 6.1 percent this year, well ahead of wage trends and consumer price inflation, but below the 7.7 percent increase in 2006, the Kaiser Family Foundation reported today.
Because doctor and hospital costs continue to rise at an even faster rate, the modest slowdown in insurance inflation mainly reflects cutbacks in coverage by many health plans, which have found ways to make employees pay more for their care. Industry experts said that without those measures, premium costs would have risen by 9 percent or more.
The total average annual cost for family coverage premiums rose to $12,106.
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