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Hissyspit Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Dec-04-10 10:35 PMOriginal messageHealth Care Premiums Could Reach $23,341 By 2020 Updated at 8:09 AM http://fdlaction.firedoglake.com/2010/12/03/health-care...http://www.commonwealthfund.org/Content/Publications/Is...Health Care Premiums Could Reach $23,342 by 2020By: Jon Walker Friday December 3, 2010 5:45 amThe cost crisis in our health care system simply can’t be overstated. The rapid growth in cost is the driving force behind our projected long-term public debt and the growth in private health insurance premiums threaten to cripple private industry. The Commonwealth Fund is out with a new study showing just how quickly the situation is worsening.National surveys have found that family premiums for employer-sponsored health coverages increased 52 percent from 2003 to 2009, while median family income rose 13 percent. Such a rapid increase in the cost of employer-sponsored health benefits has forced difficult choices at workplaces across the country. Studies indicate that slower growth in wages and lower savings for retirement (worker and employer contributions) have been part of the trade-off to preserve health benefits. Despite such trade-offs, the monthly cost of premiums paid by workers and their families is up, consuming an ever-greater share of any wage increases they might receive.Health care premiums have grown roughly four times faster than income. This simply isn’t sustainable without crushing government and private budgets. And if the problem is not truly dealt with, that is what will happen:As of 2009, the average premium was $13,027 a year for family coverage for private sector employers, ranging from $11,000 to over $14,000 across states. If insurance premiums for employer-sponsored health plans in each state continued to grow at the same average annual rate seen from 2003 to 2009, the average premium for family coverage would rise to $23,342 by 2020—an increase of 79 percent.The study looked at what would happen if the new health care reform law reduced the annual projected premium growth rate by one percentage point or 1.5 percentage points. In the former, average premiums would reach only $21,019 in 2020, and in the later they would reach only $19,938.Even with optimistic projections, the new health care law would still see premiums growing faster than income, and we’d still have by far the most costly health care on earth. This means, even assuming health care reform works well, which I highly doubt, the ever-growing cost of our health care premiums will force it to remain a critical political issue for years. It has not be fully dealt with.MORE
Better Believe It Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Dec-04-10 10:38 PMResponse to Original message1. And those policies would be subject to taxation under the Health Insurance Industry law. Updated at 11:14 PM
OneTenthofOnePercent (1000+ posts) Sun Dec-05-10 12:11 AMResponse to Original message 10. That doesn't matter as long as we have Obamacare
Health Care Premiums Could Reach $23,341 By 2020
"The nation that couldn’t be conquered by foreign enemies has been conquered by its elected officials" odawg Free Republic in reference to the GOP Elites who are no difference than the Democrats
Don't worry about it, Obama said after Obamacare goes through our rates will come down $250 per month, so in fact the premiums will only be $20,341 per year.
I could be wrong but I thought he said that premiums would drop by 250%.Of course he also said he visited all 57 states.
we're both wrong, here's what he actually said:Obama: Premiums Will Decrease 3000% So You Should Get A Raise When H'care Is Passed[youtube=425,350]lUd-slJc-GY[/youtube]
So if I hire 10 people buy them insurance at $2K/month that should give me $6M/month without doing anything.I like that plan!
Yeah but you probably would be greedy and not hand out raises.
You will not believe how expensive free health care will be under government bureaus and bureaus and....Yes Duchebags, OBAMA LIED your family's disposable income died. Along with grandmaw and grandpaw, uncle Ben and the sick kid down the street.
