Wednesday, September 28, 2011

Health Insurance Premiums Rising Fast

"Major health insurance companies have been charging sharply higher premiums this year, outstripping any growth in workers’ wages and creating more uncertainty for the Obama administration and employers who are struggling to drive down an unrelenting rise in medical costs," reports the New York Times. "A study released on Tuesday by the Kaiser Family Foundation, a research group, showed that the average annual premium for family coverage through an employer reached $15,073 in 2011 — 9 percent higher than in the previous year." Read more. Could the higher premiums lead to a cut in services offered, such as vision care?

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