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Health insurance rising $1,000 per year
August 17, 2009 - Jim Anderson
How high might health insurance costs go?
The Centers for Medicare and Medicaid Services reports that, without reforms, per capita medical costs are expected to increase 71 percent over the next decade.
Based on that, The Center for American Progress, a self-described progressive think tank, estimates that policy-holders can expect premiums for family policies to rise by nearly $1,000 per year in both Michigan and Wisconsin. There is also the possibility of higher deductibles and co-payments.
Michigan’s 2009 cost of $13,232 would rise to $22,579 by 2019. In Wisconsin, the 2009 cost of $13,471 would rise to $22,986.
To gain solid support for health care reform, the Obama administration needs to better demonstrate how it will keep premiums from rising so fast.
If the public debate continues to focus on the budget cost (and a myriad of distractions such as the bogus “death panels”), support for health care reform will keep slipping.
No one wants higher taxes, or further pressure on the deficit.
But how much longer can workers and employers endure rising insurance costs? The president has repeatedly said that doing nothing is the worst course of all, but he needs to deliver the goods on premium costs.
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