Search
 

Health insurance's rising cost

After several years of more modest increases, 2011 brought companies and consumers sharply higher health insurance premiumsand questions about the factors behind the increased rates.

By Ingrid Case | Updated on March 01, 2012

After several years of more modest increases, 2011 brought companies and consumers sharply higher health insurance premium increases—and questions about the factors behind the increased rates.

A September 2011 Kaiser Family Foundation study showed the average annual premium for family coverage through an employer grew to $15,073 in 2011. That’s 9 percent higher than the same premium in 2010, and a dramatic contrast to the preceding several years, when premium increases of 3 percent to 5 percent were common. The overall trajectory, however, has always been up. The cost of family coverage has nearly doubled since 2001, though wages have increased by just 34 percent.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.