In news that should surprise no one, the cost for workers’ health insurance policies, as well as deductibles have skyrocketed over the past decade.
This is not a surprise. Obamacare was all about appeasing the malefactors in the insurance industry, and so it brought the fox into the hen house:
The high cost of health care is persisting during the pandemic, even for people lucky enough to still have job-based insurance.
The average annual cost of a health plan covering a family rose to $21,342 in 2020, according to the latest survey by the Kaiser Family Foundation, a nonprofit group that tracks employer-based coverage. Workers paid about a quarter of the total premiums, or $5,588, on average, with their employers picking up the rest of the cost.
An analysis of the results was published Thursday online in Heath Affairs, an academic journal. While premiums rose only slightly from the 2019 survey, the increase in premiums and deductibles together over the last decade has far outpaced both inflation and the growth in workers’ earnings. Since 2010, premiums have climbed 55 percent, more than double the rise in wages or inflation, according to the foundation’s analysis.
The survey also underscored how much workers with health insurance still have to spend out of pocket for their care. In addition to paying for their share of premiums, most employees face a hefty deductible — an average of $1,644 for an individual. That is more than twice as high as it was in 2010, when the average for a single person was $646, according to the foundation.
This was foreseeable in the plan, and made inevitable with Obama’s dissembling over the public option.