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Health insurance premiums rise 10 times faster than incomes

Case Management Weekly, May 7, 2008

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The results of a study by researchers at the State Health Access Data Assistance Center at the University of Minnesota, according to an article in the Los Angeles Times, shows that employee incomes rose 3% from 2001 to 2005 and, in the same time period, their health insurance premium contribution rose 30%.

The study also found that between 2001 and 2005 more than 30,000 private-sector employers stopped offering health insurance as a benefit to employees. This decreased the amount of people with private insurance by 2.4 million people or 6% of the population.

A spokesperson for America’s Health Insurance Plans said the study shows needs for control on the rising prices of drugs, medical devices, and hospital care.

Source: Los Angeles Times



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