Sunday, August 23, 2009

Health Insurance Premiums will Double in a Decade

The Raw Story:

"Insurance rates will rise 94 percent by 2020 if cost-saving reforms to the US health care system aren’t enacted, a new study from the Commonwealth Institute finds.
The 90-year-old non-profit health care charity released an analysis of health care costs and forecasts that says employer-sponsored family plans will rise from an average cost of $12,298 in 2008 to $23,842 in 2020.
By contrast, the same coverage would have cost around $9,200 in 2003."