A report released Thursday by the Commonwealth Fund, a 90-year-old non-profit health care charity, shows what's on the line without health care reform: a 94% increase in health insurance premiums.
The analysis of health care costs, called "Paying the Price: How Health Insurance Premiums Are Eating Up Middle-Class Incomes," forecasts that employer-sponsored family plans will rise from an average cost of $12,298 in 2008 to $23,842 in 2020. In contrast, the same coverage would have cost around $9,200 in 2003.
The title has the key point: middle-class. Don't think health care costs just affects the poor; it's eating away at middle-class incomes as earnings stagnate for the middle-class, and health care costs increase.
In response, Deborah Burger, RN, co-president of the 86,000-member California Nurses Association / National Nurses Organizing Committee said the following :
"These findings are merely the shocking state of premiums, not even including a concurrent jump in out-of-pocket costs for deductibles, co-pays, and other fees. It's no wonder that medical bills now are the leading factor in 62 percent of bankruptcies, and half of American families are rationing medical care because they can't afford it.
"Yet, rather than show any compassion for how their price gouging practices have harmed so many families, the insurance giants are planning to continue to plunder the American people with more huge increases in premium prices.
"Such practices should remind us why there is such a desperate need for real reform. Unfortunately, there is little in the major plans being discussed to crack down on the pricing practices of the insurance industry.
http://www.huliq.com/3257/85286/health-insurance-preimums-rise-94-percent-2020-report