Family Health Coverage Costs Increasing Faster Than Incomes

Working moms and dads are paying more and more for their family's health insurance.

An analysis of government data from the University of Minnesota finds adults who get health insurance through their jobs have seen their premiums increase 10 times faster than their incomes.

The data are from 2001 through 2005. Across the nation, the amount employees paid for family coverage rose 30%, while their paychecks increased just 3%, on average.

Fewer Americans actually have private health insurance coverage, that number fell 6% during the study period.

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  • by Susan Location: The Coast on Apr 29, 2008 at 09:43 AM
    I am self employed and for a family of three we pay over $1100 a month for insurance. BC/BS has made us get two policies (one for my husband and one for me and our child) so additionally all three of us have to meet a deductible each year. All this does is make us put off going to a doctor unless it is an emergency which makes the cost higher since we wait so long to see a doctor. The cost for this insurance has increased several hundred dollars a month each year. I cannot afford the prices now and I am sure it will go up again next year, so I will be forced to cancel at least my policy since it costs the most (I am diabetic). I just hope I can stay alive long enough to qualify for medicare so I can get decent coverage.
  • by TOP COP Location: NC on Apr 29, 2008 at 03:24 AM
    Demand better insurance coverage at your work place or slow production, it works I have been there done that. For the premiums to increase it is the same as your employer cutting your salary

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