the profseitz blog

getting students to engage the news…

The High Cost of Health

Over all, the cost of family coverage has about doubled since 2001, when premiums averaged $7,061, compared with a 34 percent gain in wages over the same period.          [$15,073 today!]

U.S. Health Insurance Cost Rises Sharply, Study Finds – NYTimes.com

Cost of Health Care on the Rise

This article is a couple weeks old, but I’m just now getting to blog about it.  It is quite a significant issue that is facing Americans these days.  As the article suggests, the cost of the health care you are receiving is going to jump by 9% in 2012 quadrupling the average salary increase of 2%! Note also that only 2% of this increase is accounted for by the Affordable Care Act.  According to NPR,

“Kaiser estimates up to 2 percent of the increase comes from extra coverage required by the new health care law, something that we expected. Most of the increase, though, is related to projections by insurance companies for how much health care they think employees would need. Also, health care costs overall are rising, and insurers are making a more aggressive drive to increase their profits.”

Do YOU have health insurance that you pay for? Are you covered by your parents? Are you just “rolling the dice” as your health care option? What does an increase like this mean in real terms for you and your family?

Do you think that health care costs are increasing at a sustainable rate? Is it an issue that we need to deal with as a society? How do we as American address this challenge in a meaningful way?

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This entry was posted on October 12, 2011 by in Uncategorized.
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