Quantcast

Family health insurance up 97 percent in 10 years

Published: Thursday, Sept. 20 2012 10:03 a.m. MDT

Group health insurance premiums have climbed 97 percent in the past 10 years.

Shutterstock.com

Enlarge photo»

Group health insurance premiums have climbed 97 percent in the past 10 years, according to Fox Business, citing a survey by the Kaiser Family Foundation/Health Research & Educational Trust.

In the past year, premiums have increase 4 percent, less than half of the 9 percent increase in 2011.

"In terms of employee insurance costs, this year's 4 percent increase qualifies as a good year, but it still takes a growing bite out of middle-class workers' wages, which have been flat or falling in real terms," Drew Altman, CEO of the Kaiser Family Foundation, told Fox Business.

The survey also found that employees at high-revenue companies pay $1,000 less for family health insurance than those at low-revenue companies.

Also, about 2.9 million young people are currently covered by employer plans due to the Patient Protection and Affordable Care Act that was passed by Congress in 2010, said Mark Chalon Smith, a writer for Insurance.com, who contributes to Fox Business.

EMAIL: sparker@desnews.com

Get The Deseret News Everywhere

Subscribe

Mobile

RSS