Increasing Health Insurance Premiums | Arthritis Information

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Cost of Insurance Far Outpaces Income

April 29, 2008  -  Princeton, N.J.

Cost of covering families takes bigger piece of household budget.

Americans who get health insurance for their families through their jobs have seen their premiums increase 10 times faster than their income in recent years, according to a new analysis of government data. The study, released today by the Robert Wood Johnson Foundation, shows that a growing share of workers’ earnings is being absorbed by the increasing cost of health insurance. 

Nationwide, the amount employees pay for family coverage increased 30 percent from 2001 to 2005, while family policyholders’ income increased just 3 percent over the same period.

For complete article see:
 
http://www.rwjf.org/pr/product.jsp?id=28698
 

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