The increased cost of your health insurance over the past decade if you live in Washington state.
Family health insurance premiums have more than doubled in Washington state over the past 10 years, rising five times faster than salaries, according to a study released Tuesday.
The average, annual job-based health insurance premium in Washington state grew from $6,500 to nearly $13,860 between 2000 and 2009, an increase of $7,360, or 113 percent, reported Washington, D.C.-based Families USA, a consumer health organization....
Over the same time period, the median earnings of Washington workers increased 21.6 percent, from $26,760 to $32,530, the report said.
According to Families USA, the main reasons for the huge jump in the price of health insurance are "wasteful health care spending, a mostly unregulated insurance market, [and] less competition among insurance companies." In addition, the report found that people who are lucky enough to have health insurance are increasingly picking up the tab for people who are insured.
Lest you think that Washington state is a statistical outlier, previous reports from Families USA have found a similar jump in health insurance costs in Oregon, California, and Idaho.
Via McClatchy.Posted by Magpie at September 15, 2009 03:54 PM | Health/Medicine/Health Care | Technorati links |