Health care premiums rise 6.1%, far outpacing wages
Health insurance premiums paid by workers and their employers rose an average of 6.1% this year, outpacing inflation and pay increases and taking a bigger chunk out of families' budgets, according to a survey out Tuesday.As one person commented following the article:
The cost was down from a 7.7% increase a year earlier, according to an annual survey of employers by the Kaiser Family Foundation, a non-profit research group.
This year's slowdown doesn't mean much when it outpaces wages, which rose an average of 3.7%, and inflation, which went up 2.6%, said Drew Altman, the foundation's president and CEO.
The cost for family coverage has risen 78% since 2001, while wages have risen 19% and prices for goods and services have risen 17% in that period, according to the report. [emphasis mine]
Jesus! Mary! Joseph! as my sainted mother used to say....If you're interested, click here to read the Kaiser Family Foundation Employer Health Benefits 2007 Annual Survey.
I am so discouraged with what is happening in this country I am ready to cry....