Saturday, September 17, 2016

The Obamacare Legacy

If you like your health care, pay more for it:
A report by Kaiser/HRET Employer Health Benefits released on September 14 found that the average American family’s health care plan costs over $18,000 a year. That is up 3.5 percent over 2015, a hike exceeding the growth in wages.

While it is bad on individuals, in the chronically poor Obama economy, it is worse on employers.

“Employees are paying a whole lot more for health insurance than they did a decade ago. The average family plan cost $11,480 in 2006, of which workers had to pay $2,973,” CNN Money reported.

Deductibles are also rising quickly, forcing workers to pay more out of pocket when using their insurance.

Over half of workers pay a $1,000 deductible or more, a jump of 31 percent sine 2011. According to a recent piece in The New York Times, employees of small businesses have even higher deductibles at $1,800 a year average. Worse, one in five workers pay $2,000 or more.
"Affordable" government care always costs more for those who actually need it...

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