US health insurance system in action
Ezra Klein. All this while leaving tens of millions uncovered. Is your boss going to shell out $30K/year for your health insurance? You sure about that?
The Kaiser Family Foundation’s latest Employer Benefits Survey is out, and they’ve got some numbers worth remembering.
The average cost of a family health insurance policy in 2009 was $13,375.
Over the past ten years, premiums have increased by 131 percent, while wages have grown 38 percent and inflation has grown 28 percent.
If health-care costs grow as fast as they have over the past five years, the average premium for a family policy in 2019 will be $24,180. If they grow as fast as they have over the past 10 years, premiums in 2019 will average $30,803.
No one quite knows when, or how, the system will crumble. But make no mistake. At this rate of increase, it will, eventually, crumble. Want more numbers? They’re here.