Survey: Health insurance costs outpace wage gains

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  • Viva la Migra American Fork, UT
    Aug. 27, 2013 12:48 a.m.

    Our open enrollment is coming up in a few months, and we've been told to expect a pretty significant increase. Starting this month, they are taking an extra $50 per month out of our checks to cover an "Obamacare subsidy". Supposedly this is not related to our own health care, but is a way for the government to fund the exchange subsidies.

    Many of us our worried that our small employer (~20 employees) may simply opt out and force us onto the Obamcare exchanges. I've used a calculator to determine two things about my situation if that happens:

    1) My family income is too high to qualify for any subsidy

    2) If we wanted the high deductible ($2000 per person) Silver plan, it would cost us over $1200 per MONTH for just the premiums + full prices until the deductible is reached (which would be never). This is about 400% more than we have ever paid for health care received through an employer.

    It would devastate our family budget to be forced to pay an extra $900 per month for health care premiums, not to mention the higher out-of-pocket expenses for basic doctor visits.

  • Winglish Lehi, UT
    Aug. 23, 2013 5:23 p.m.

    This article sure rings true in my household. For seven years straight I have gone backward in take-home pay because of increases in insurance rates, even though I have gotten "raises" during that time.

  • county mom Monroe, UT
    Aug. 22, 2013 12:44 p.m.

    alt123, I am still wondering what world you are living in?

    Could it be that you are one of those who live off of the efforts of others?

    While Obamacare has yet to be implemented fully, the insurance companies see it as an excellent excuse to raise the costs of healthcare.
    As you most likely do not know, the greatest portion of our national debt is owned to US insurance companies. They own us, over $15 trillion worth.
    Not to be a conspiracy theorist, but isn't it interesting that many of the new laws passed by congress, including Obamacare, are ones that will benefit those massive insurance companies the most? There is no cap on what these companies can charge you anywhere in the many thousands of pages of the Obamacare bill.

  • Mountanman Hayden, ID
    Aug. 21, 2013 7:31 a.m.

    "The Affordable Care Act will reduce healthcare costs and decrease the federal deficit" Barrack Obama.

  • joseywales Park City, UT
    Aug. 20, 2013 10:50 p.m.

    I've heard that it's actually easier to understand the millions of pages of IRS tax code, than it is to understand Obamacare.

  • Shawnm750 West Jordan, UT
    Aug. 20, 2013 3:57 p.m.

    @Brahmabull - Yes, unfortunately there were enough people fooled by it that they elected the man for a second term so he could really screw it up! It takes a skewed sense of logic to look a complex problem like healthcare and think: Gee, lots of people can't afford health care, so instead of addressing the issue of Cost, let's create a bigger bureaucracy that's actually going to drive costs even higher and give people less coverage! The Affordable Health Care for America Act is such a misnomer because it makes healthcare even less "Affordable."

  • atl134 Salt Lake City, UT
    Aug. 20, 2013 3:31 p.m.

    Most of Obamacare hasn't gone into effect yet, particularly the measures that'd have dramatic effects on costs like the mandate, subsidies, and exchanges.

    Over the past 3 years health insurance has increases at the slowest rate in half a century (this is attributed mostly to the recession and lack of inflation rather than Obamacare, after all I just said last paragraph that Obamacare has mostly not gone into effect yet).

  • Brahmabull sandy, ut
    Aug. 20, 2013 1:00 p.m.

    Was anybody really foolish enough to think that obamacare would help take the stress out of buying health insurance? It really puts the hurt on the married middle class, as that seems to be the trend lately.

  • Hutterite American Fork, UT
    Aug. 20, 2013 12:56 p.m.

    My entire Canadian income tax load, which includes health care as a portion, is not much more than $16000. No deductible for MRI, nor a blood test. My US health care strategy is to have enough insurance to get out of dodge if need be. The way to reduce health insurance costs here is to stop considering health as something that can be insured but rather as a service we can provide one another.