The Kaiser Family Foundation has discovered a rise in rates for family medical insurance occurred. However, the increase was reasonable when compared with recent years, as double-digit price increases has been the norm for some time.
Average family health insurance costs as much as a brand new car every year
Every person has heard some kind of inane spiel about "family values" at some point. Most of the time it's double-speak for "nullifying women's rights," but in some 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 purchase a brand new car each year. It is really the cost of health insurance for a family of four with two adults and two children, according to the Kaiser Family Foundation survey.
In the last year, the cost has increased 4 percent. That is really pretty good since there was a 9 percent increase from 2010 to 2011.
Paying more with lower income
The journal "Health Affairs" will publish Kaiser's yearly survey.
The overall cost increased, but employers 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 boost in health 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.
CNN points out those lower-wage workers really pay more for medical insurance. Corporations where at least 35 ideal of employee make over $55,000 a year paid $1,000 less in insurance premiums than companies where 35 percent or more of workers made $24,000 or less per year.
Faster than inflation
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.
Wages and medical insurance rates are not increasing at the same time. From 1999 until now, wages have only increased 47 percent, which is a little bit higher than the 38 percent rise in inflation. Still, the cost of medical insurance rates has increased 172 percent and the price of employee contributions have increased 180 percent, according to the Washington Post.
Average family health insurance costs as much as a brand new car every year
Every person has heard some kind of inane spiel about "family values" at some point. Most of the time it's double-speak for "nullifying women's rights," but in some 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 purchase a brand new car each year. It is really the cost of health insurance for a family of four with two adults and two children, according to the Kaiser Family Foundation survey.
In the last year, the cost has increased 4 percent. That is really pretty good since there was a 9 percent increase from 2010 to 2011.
Paying more with lower income
The journal "Health Affairs" will publish Kaiser's yearly survey.
The overall cost increased, but employers 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 boost in health 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.
CNN points out those lower-wage workers really pay more for medical insurance. Corporations where at least 35 ideal of employee make over $55,000 a year paid $1,000 less in insurance premiums than companies where 35 percent or more of workers made $24,000 or less per year.
Faster than inflation
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.
Wages and medical insurance rates are not increasing at the same time. From 1999 until now, wages have only increased 47 percent, which is a little bit higher than the 38 percent rise in inflation. Still, the cost of medical insurance rates has increased 172 percent and the price of employee contributions have increased 180 percent, according to the Washington Post.
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