A Closer Look at Rising Health Insurance Costs

Getting back to that Aetna advertisement. It is not your imagination, health insurance rates have risen much faster than other costs of living. The image above is courtesy of the Kaiser Family Foundation. It illustrates the cumulative changes in health insurance premiums, workers’ contribution to premiums, inflation, and workers’ earnings from 1999-2010. It is important to realize the data on this chart is purely from employer sponsored plans and does not include retirees or the self-employed. The past decade had an overall inflation rate of 31%, or an average 3.1% per year. Earnings during the same time period increased by […] Read more »