Wednesday, January 23, 2013

Read This If You Want To Feel Better

Yesterday I received a notice from a client regarding the premium increase on their group Health Insurance they said they have had for over 20 years. This 63 year old business owner and his wife's premium for their private group plan with a major insurance carrier is--you ready to feel better yet?--
$5,200.38 PER MONTH---OUCH!!!.  At least we can be happy knowing that the coverage has gone down too  :-(
Below is a report from the US Government on the percentage of people insured between 2000 and 2010--any wonder why?  (click on the link if you want to read the entire 538 page report)



Between 2000 and 2010, the percentage of

Adults 18–64 years of age with private health insurance coverage decreased while the percentage uninsured increased.

Health insurance is a major determinant of

Access to health care. Among adults 18–44 years of age, the percentage with private coverage declined from 71% in 2000 to 60% in 2010 while Medicaid coverage increased from 6% to 11%. The percentage of persons

18–44 years of age who were uninsured increased from 22% to 27% during the same period. Similarly between 2000 and 2010,

The percentage of adults 45–64 years of age with private coverage declined from 79% to

71%; the percentage with Medicaid coverage increased from 5% to 7%; and the percentage uninsured increased from 13% to 16%.

SOURCE: CDC/NCHS, Health, United States, 2011, Excel and PowerPoint:
http://www.cdc.gov/nchs/hus/contents2011.htm#fig15

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