NEWSMAX: As families across the country have undoubtedly noticed, costs for health insurance are ascending faster than their pay, according to a report from The Commonwealth Fund, a foundation devoted to improving the healthcare system.
Premiums for family-based coverage offered by employers soared 62 percent from 2003 to 20111, while median income increased only 10 percent.
If current trends continue, family premiums will increase 60 percent by 2020 from 2011, putting a family’s average annual cost at $24,740, according to the report. If premium growth slowed by just 1 percentage point a year, families would save $2,029 annually by 2020… (more)
