Tuesday, September 27, 2011

Health Care Costs

Kaiser reports an annual increase of more than 9% for this year in health care costs. They state:

Employers' spending on health coverage for workers spiked abruptly this year, with the average cost of a family plan rising by 9 percent, triple the growth seen in 2010.

Family plan premiums hit $15,073 on average, while coverage for single employees grew 8 percent to $5,429, according to a survey released Tuesday by the Kaiser Family Foundation and the Health Research & Educational Trust. (KHN is an editorially-independent program of the foundation.)

Workers paid an average of $921 toward the premium of single coverage and $4,129 for family plans.
The results mark a sharp departure from 2010, when the same survey found average family premiums up only 3 percent. 

Although many benefit analysts say the federal health law’s requirements played only a small part in the rise, the results could provide political fodder for both supporters and opponents of the law. 

 The detailed report by Kaiser is worth the review.

Now some observations. The last sentence above says "many analysts" that is deceptive. For many others say otherwise. The new health care plan mandates excess spending on such things as paying for your 26 year olds, added testing for women, and the like. While the current Administration is gutting $500 Billion from Medicare they have placed trillions on the backs of companies, most likely as a strategy to drive them from the market and turn it into a UK style system.