Family health plan costs exceed
$20,000 for first time
Star Tribune [Minneapolis, MN],
by
Christopher Snowbeck
Original Article
Posted By: Ribicon,
9/26/2019 9:41:35 AM
The average cost of family coverage in employer health plans pushed above the $20,000 mark for the first time this year, according to a new report, as the 5% average increase in premiums exceeded the growth rate for wages and general inflation. Low-wage workers face unique challenges, the study found, since they are less likely to be offered employer coverage and must pay a larger share of the premium when they have the chance to buy it. The numbers come from an annual national survey by the California-based Kaiser Family Foundation on cost trends for employer health plan coverage, the market
Reply 1 - Posted by:
JimJr 9/26/2019 10:11:03 AM (No. 189996)
OP, This is the direct and intended result Obamacare. Crash the system and have government take full control.
11 people like this.
Reply 2 - Posted by:
skacmar 9/26/2019 10:17:11 AM (No. 190006)
You think this is bad with employer sponsored plans, try paying for the coverage yourself (monthly premium) plus the super high deductible / co-pays! As a single person, I pay almost $700.00 per month to have a $6750.00 per year deductible. I must pay $15,150.00 out of pocket before my insurance pays one penny of coverage. Healthcare reform (OBAMACARE) sure did not save me any money! Pre healthcare reform, I had a $200 - $300 premium with a $1000.00 deductible. The type of plans that you could actually use do not exist anymore thanks to OBAMACARE.
12 people like this.
Reply 3 - Posted by:
chance_232 9/26/2019 10:19:46 AM (No. 190009)
If anything, Congress drives up the cost of medicine. HIPPA for example, has caused hospitals etc to perform medicine differently. You get a private hospital room now because of HIPPA. Mandating free emergency medical attention comes at a cost. Democrats refusal to consider limiting damage awards adds to cost. Safety regulations, enviromental regulations, energy regulations, accounting regulations etc etc etc all come at a cost.
5 people like this.
Reply 4 - Posted by:
VirtuDawg 9/26/2019 11:04:03 AM (No. 190048)
But, but, but . . . wasn't the "Affordable Care Act" supposed to lower the cost of medical care?
And now, Dims want the Government to take over the entire U.S. medical industry -- under "Medicare for All". What could possible go wrong? (s/o)
3 people like this.
Reply 5 - Posted by:
DVC 9/26/2019 11:30:38 AM (No. 190080)
I retired three years before I got on the (execrable) Medicare. I was being forced into an Obamacare plan, about a month before Obamacare became mandatory. At the last minute, after months of dealing with a BC&BS representative, I finally threw up my hands and told her, "I can't afford to pay $21,000 per year for health insurance for me and my wife. I am going to go without." She then mentioned that I could get a "non-compliant" plan from BC&BS, but "we don't know how long you will be permitted to keep it". I took the $7,000 per year plan, and made it to the (much despised, horrid, destructive, ripoff) Medicare.
I kept track of the price increases from my original $21K plan. By the third year, that same plan, for two adults, was priced at $32K per year......BEFORE ANYONE GOT SICK. Each person had a $4,500 deductible, so NOTHING beyond a few doc visits and tests would be paid until $36,500 had been spent by me. It was clear to me that being uninsured would almost certainly mean a huge cost savings. We were unlikely to need almost $80K in health care over that three year period, roughly what it would have cost.
over that time, before anything was paid out.
Obamacare is/was a hideously bad system. IMO, Medicare is a totally destructive ripoff of our health care
system. I had a major joint replacement, for which the surgeon billed a (not unreasonable, it seems to me) $10,000 fee. Medicare paid him $1,300 and that is the end of it. THIS IS WRONG. This means that Medicare patients are basically welfare patients and the docs are forced, by law, to carry us as nearly non-paying, indigent care patients. I am offended to be forced by law into that category. I am no indigent, and could pay a reasonable health insurance premium to a company who would pay the normal costs of health car, such as that surgery.
Get the government ENTIRELY OUT of the health care business.
6 people like this.
Reply 6 - Posted by:
LadyHen 9/26/2019 12:07:14 PM (No. 190138)
Heath insurance, regardless of who is running it, is a scam. A competitive and regulated cash pay system where you and employers contribute to a tax free spending account with a good sized contribution limit makes far more sense. Then patients get to shop around and doctors get to do their job. Control is in the right hands. That and tort reform would go a ling way toward freeing up doctors, patients, and employers. Government should only be involved in specific cases. But insurance is big money for everyone in the swamp and the big corporations lobby DC pols from both parties so everyone else suffers.
And lets face it, our fellow citizens are used to feeding off the government teet even if the milk is sour.
3 people like this.
Reply 7 - Posted by:
Griller1 9/26/2019 4:46:51 PM (No. 190360)
This can't be true. 0bama promised us our health care costs were going to be lower. He wouldn't ever lie to the American public. He's The Won!
0 people like this.
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Nothing whatsoever has been done by either party to control medical inflation, and the private insurers run wild with their racket because the premiums (as with taxes) are removed from paychecks by employers, and thus not noticed.