Premiums up, profits up, employers paying the tab

Feb 2011
19,055
13,925
The formerly great golden state
Job-based health insurance premiums rise sharply

WASHINGTON — After modest increases last year, the cost of job-based health insurance for families and individuals has jumped sharply this year, even though insurers are paying less in benefits as cash-strapped American workers opt for less medical care.

For the estimated 150 million workers with employer-sponsored coverage, the average cost of family health insurance jumped 9 percent this year to $15,073, while the price of individual coverage rose 8 percent to $5,429.

This has been going on for years. The costs leveled out during the past five years or so, but the cost has roughly doubled in the last decade.

The impact of costs like this on employment are obvious.

Countdown to blame "Obamacare"..4, 3, 2, 1...
 

NiteGuy

Former Staff
Jul 2011
17,044
13,694
Teardrop City
After modest increases last year, the cost of job-based health insurance for families and individuals has jumped sharply this year, even though insurers are paying less in benefits as cash-strapped American workers opt for less medical care.
There's your reason right there. These guys are doing the same thing that utilities do. Use a lot more, and get charged for the usage. Use a lot less, and still get charged extra, because you're using less, and they need to keep their profits up.