The Rising Cost of Medical Insurance
We've been on our own now health insurance-wise for almost five years, rolling the dice with a high-deductible plan and, despite having our premiums rise about 20 percent last year, so far, so good. Of course, that 20 percent hike works off of a much smaller base than your standard, employer provided low-deductible plan, so, the sight of $15,000+ average premium as detailed in this McClatchy report took me a bit by surprise.
The cost of employer-provided health insurance plans rose 9 percent last year, the biggest increase since 2005, that is, back when double-digit percentage increases were the norm as documented in Open Enrollment and the CPI at the old blog.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Posted-In: healthcare Medical InsuranceTopics General