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Shocker: US Health Insurance Costs Shoot Up

From a seemingly surprised New York Times:

Sharp Rise in U.S. Health Insurance Cost, Study Finds

By REED ABELSON
September 27, 2011

The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs.

A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year.

“The open question is whether that’s a one-time spike or the start of a period of higher increases,” said Drew Altman, the chief executive of the Kaiser foundation.

We’re going to go out on a limb and say it’s the latter.

The steep increase in rates is particularly unwelcome at a time when the economy is still sputtering and unemployment continues to hover at about 9 percent.

In fact, one would think such a price increase would be impossible in a free market. But somehow they are happening. Maybe because we don’t have a free market for healthcare anymore.

Many businesses cite the high cost of coverage as a factor in their decision not to hire, and health insurance has become increasingly unaffordable for more Americans. Over all, the cost of family coverage has about doubled since 2001, when premiums averaged $7,061, compared with a 34 percent gain in wages over the same period.

How much the new federal health care law pushed by President Obama is affecting insurance rates remains a point of debate, with some analysts suggesting that insurers have raised prices in anticipation of new rules that would, in 2012, require them to justify any increase of more than 10 percent.

Hilarious. Even when the costs shoot through the roof, The Times still tries to pretend that Obama-Care isn’t to blame.

Remember, if they will lie about something this obvious, they will lie about anything.

In addition to increases caused by insurers getting ahead of potential costs, some of the law’s provisions that are already in effect — like coverage for adult children up to 26 years of age and prevention services like mammogram screening — have contributed to higher expenses for some employers

The hell you say! We were told all those new benefits would be ‘free.’

The Kaiser survey includes both big and small companies using employer-sponsored coverage representing about 60 percent of all insured Americans of working age. The annual growth in premiums, according to the survey, had slowed in recent years to 5 percent, rising just 3 percent in 2010, in part due to the lingering effects of the recession. After years of double-digit increases, the moderation was a welcome relief.

The unexpected increase in premiums raises questions about whether health care costs are, in fact, stabilizing at all, as people have postponed going to the doctor or dentist and have put off expensive procedures. “No one quite knows,” said Mr. Altman…

No, we will never know what is driving the costs up.

But we will never be reminded how we were lied to by the Obama administration when they rammed their ‘healthcare reform’ through.

Insurers and benefits consultants say, however, it is difficult to predict whether health care demand will again take off when the economy rebounds or whether some other factor is at play. "We’ve seen a moderation in the increase in health services, particularly in discretionary services," said Tom Richards, an executive with Cigna. While he attributes some of the moderation to the poor economy, he says the increase in cost-sharing by employees and programs that more closely monitor their health could be having a more permanent impact.

The question is "what is the economy going to be and what is the new normal," he said

Don’t worry about it.

Endlessly skyrocketing health insurance is the ‘new normal.’ Along with all the other ‘new normals’ that Mr. Obama has bequeathed us.

This article was posted by Steve on Tuesday, September 27th, 2011. Comments are currently closed.

11 Responses to “Shocker: US Health Insurance Costs Shoot Up”

  1. Rusty Shackleford says:

    As Churchill said, “This is like watching a man stand in a bucket and trying to lift himself up by the handle”.

    And there were millions upon millions of people who saw this coming, yet it was sneak-voted on behind closed doors, and ramrodded through without a passing thought, all because the RULING CLASS wanted it so as to get more money and power and forever seal the fate of the nation they hate so much. This alone is, to me, the greatest breech of ethics this government has ever done. The perpetrators of the crime still are walking around free and will most likely never have to answer for it. All under the guise of “It’s not breaking the law if it’s politics”.

    • proreason says:

      Gee Rusty, the GREATEST breech of eithics.

      What ethics do they have to breech?

    • Rusty Shackleford says:

      Well, the “greatest” is a term that I used to just add gravity to the thousands of breeches they have committed. Their fast & loose method of government, typically disorganized (but directed) actions and plans all make me sick to my stomach. Perhaps one of the things that bugs me the most, next to this healthcare BS is that there are a large number of people who think this is the way government should operate; by issuing directives and the people will have to deal with it. Largely, this is because they do not understand our system of government, such as it was.

      If I sat and thouthg about how much of the crimes and misdemeanors are ignored by the media and also the lack of a spine in congress to ask pointed questions where the answers will obviously result in some very unhappy people, my head would explode. The only conclusion I can reach is that it’s all so horribly broken that I’m witnessing the complete destruction of this nation before my very eyes and then I get depressed and angry.

      Issa is doing something, at least. But of the misbehavior we’ve seen reported on the conservative blogs, I’m sure it’s only the tip of the iceberg that is looming in the dark, ready to cut a swath in the side of the hull of this administration. But it won’t end there….the crying, caterwauling, the news stations defending the scum like Reid and La La Pelosi, etc.

      The national socialists have outed themselves and the MSM is letting Americans know how proud they are to “belong” to such a club, and they have belittled, ridiculed, dismissed and otherwise said very rude things to people of great character and standing. In other words, it’s a little snit-fit on their part and they are little snots for doing it. But I think they will continue to push and just like the bully who finally gets a bloody nose, the national socialists will actually have to get clobbered hard and repeatedly in order to shut them up.

      Their ideas suck, their attitudes suck worse and they are now faced with the cold reality that 1)Keynesian economics only works on paper 2) that “universal healthcare” will not be universal, nor will it be healthcare 3) That unemployment will remain high for at least a decade 4) that the home they are clinging to is now worth at least 30% less than what they financed it for and on and on and on.

      “How clear, how sharp the edges. How bright the colors when held up to the light of reality All dreams vanish. A wisp of smoke, a bit of fog burned off by the sun. Now….now you know what it is to see. See, not with the mind as in a dream, but with the eyes and measure it, register it, know it’s actually there. That is called the truth. ”

      Who wrote that? I wrote that.

    • proreason says:

      Somewhere, the purpose of government might be to foster a civil society. Not here, not anymore.

      Now the purpose of government is to rule, at any cost.

      It’s like an insurance company that has discovered being the mafia is an easier and more lucrative business.

  2. River0 says:

    This was the plan all along, to bankrupt the private health care system and force us all into government dependence. If ObamaScare becomes the law of the land there will no longer be any facet of our lives that will remain unaffected by federal control, and it all will be done in the name of “health”. Everything we do – or even say – can be construed as having an effect on our health or “wellness”.

    • sticks says:

      I believe you are absolutly right RiverO and the plan was well sumed up by Benito Mussolini “All within the state, nothing outside the state, nothing against the state.”
      The state knows whats best for us and when Obamacare really kicks in we will find out whats best for us.

    • kennyg7 says:

      They don’t have to bankrupt the insurance componies to get total control. The law tells the componies what to do and how much money they can make. Also the medical must be sent to them so they can use them against their enemies like joe the plumber’s court papers.

  3. canary says:

    My health insurance went high and drastically covers less. I am hoping to find a better policy even if it’s more because I’m afraid of any accident. And we will see on my last emergency. The hospital got my diagnose wrong because they wouldn’t listen to me or call any of my doctors. grrrr……. My family have all decided to drive further no matter what cause you have a better chance of living. A rotten govt hospital bought our town hospital and you will die there. I had a little struggle with them not to a simple procedure which would have made me worse and in some cases could have killed me. Finally I threw it across the room. Thank goodness I had a family there.

  4. David says:

    … an increase of 9 percent over the previous year…… in anticipation of new rules that would, in 2012, require them to justify any increase of more than 10 percent.

    Yeah that makes sense. They raised it by 9% because later they will only be able to raise it by 10%.

  5. Dupree says:

    Coverage to age 26 regardless of fiscal, student or marital status; Mental Health and Substance Abuse parity mandates; “Free” preventive services; No lifetime or annual limits on benefits; increased taxes from insurance companies, no pre-existing conditions clauses – so people can dodge insurance until they need it; and did I mention more taxes?

    No, nothing to see here. Couldn’t possibly increase the cost of insurance.

  6. GetBackJack says:

    Youse guys missed the biggest story of the month on this issue – Hospitals creating special relationships with Judges, Courts and attorneys to place you into Guardianship the moment you hit the front door – your entire estate forced into the hands of a Court appointed Guardian so the hospital is first in line to get paid. Admission is tacit Agreement that all your equity and liquid assets are forfeit to the Court Appointed Guardian.

    http://ppjg.wordpress.com/2011/09/09/17918/

    Good luck with this sh**.

    It’s a brave new world, baby.


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