Healthcare News & Insights

Insurance premiums increasing faster than income

The latest research confirms: Insurance premiums cost families more — and cover less. Just how bad has it gotten?

According to the latest report by The Commonwealth Fund, premiums for businesses and their employees increased 41% between 2003 and 2009. During that same time period, per-person deductibles jumped 77% at companies large and small.

That increase is far sharper than average inflation — and incomes haven’t even nearly kept pace with the increases.

Most worrisome: The researchers said if these trends continue at the rate prior to enactment of the Affordable Care Act, the average premium for family coverage will rise 79% by 2020, to more than $23,000.

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