?

Log in

No account? Create an account

Heath Insurance Premium Increase

So my health insurance premiums are going up 371% this year. My employer is big enough to be self-insured, and they publish their numbers, so this isn't due to insurance company shenanigans.

Most of the reason for this is that total claims have been rising dramatically, from 5-20% per year for over a decade now. The last time total claims at my employer actually decreased year-on-year was in 1999. We recently exhausted our employee savings fund, so we're paying year-to-year now.

Part of the reason is also that many of the health care law's provisions already are kicking in, such as a new tax on medical devices, mandatory 'free' preventative care, eliminating the lifetime benefit cap, and mandatory coverage of children up to age 26. Despite searching carefully, I wasn't able to determine exactly what proportion of my premium increase is due to the health care bill.

But the fact is that adding new services and benefits is going to cost money. Both candidate and President Obama specifically promised significant health savings. Where are they?

Comments

September 2013

S M T W T F S
1234567
891011121314
15161718192021
22232425262728
2930     
Powered by LiveJournal.com