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Sep 15 / Jonathan

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?

A Number Is Worth a Thousand Words

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.

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