Over 10 years, US health insurance premiums jumped 131 percent, more than three times worker wages and four times inflation according to the 2009 benchmark Kaiser/HRET Employer Benefits Survey. Employee contributions rose at roughly the same rate during the same period.
The survey finds premiums rose 5 percent this year at a time when overall prices fell 0.7 percent.
If you fiind those numbers frightening, do you think your employer will be offering you health insurance options in the future without significant insurance reform? According to Kaiser:
"If people (and businesses) are as concerned as they are now about rising health care costs in a period when they are actually moderating, how much more concerned will they be when rates of increase return to historic averages? If we assume increases revert to the average of the last ten years—an average annual increase of about 8.7% and a very plausible scenario" premiums in 2019 will average a whopping $30,803, a very scary number.
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
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