Health insurance premiums climb faster in 2011 | ReutersThe cost of health insurance continues to climb for companies and workers, with annual family premiums this year growing at a pace triple that of 2010 and outpacing wage increases, according to a survey.
As the United States continues to grapple with a stubbornly weak economy, family premiums in employer-sponsored health plans jumped 9 percent this year and single premiums rose 8 percent, compared with 2010's 3 percent and 5 percent, the Kaiser Family Foundation's annual study, published Tuesday, found.
For those who are interested, the complete study can be found at: http://ehbs.kff.org/pdf/2011/8225.pdf
This continuation of the persistent trend under which annual increases in health costs exceed increases in national income illustrates anew the basic flaws in the U.S. health care system as it currently exists. Unless the systemic supply- and demand-side issues are addressed responsible for the U.S. system's excessive cost growth problem, health costs could continue to rise at a rate faster than national income on account of the aging of the U.S. population. Over time, foreign lenders will likely become less inclined to help finance the system's costs via U.S. government funding, especially if the federal government fails to develop a credible fiscal consolidation program.