|
Forbes -- Growth in Health Ins. Premiums Slows
09-14-2005, 04:03 PM
|
#1
|
Recycles dryer sheets
Join Date: Jun 2002
Posts: 248
|
Forbes -- Growth in Health Ins. Premiums Slows
http://www.forbes.com/lifestyle/heal...out527948.html
WEDNESDAY, Sept. 14 (HealthDay News) -- The rate of growth of health insurance premiums declined for the second year in a row, slowing to 9.2 percent in 2005.
But premiums are still significantly outpacing wages and inflation, according to the 2005 Annual Employer Health Benefits Survey, issued by the Kaiser Family Foundation and the Health Research and Educational Trust.
Today, health insurance premiums for a family of four are just shy of $11,000 a year, or about equal to the full-time earnings of a minimum-wage worker.
"The 9.2 percent decline is lower than the last two years of rates of growth but it's still substantially above the other indicators in the economy such as growth and wages and inflation," said Gary Claxton, co-author of the survey and a vice president at the Kaiser Family Foundation in Washington, D.C. "What we continue to see is that premiums are moving away from wages. It continues the questions we have about the affordability of coverage."
</snip>
I guess that's good news for those that benefited from Bush's "millionaire tax cuts"
intercst
__________________
***** puts the "hoco" in Hoco-mania
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 08:04 AM
|
#2
|
Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
Intercst, I remember you talking about your personal inflation rate for health insurance since you retired. Do you have any numbers/percentages that you can share?
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
|
|
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 08:25 AM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
<I guess that's good news for those that benefited from Bush's "millionaire tax cuts">
Here's some fuzzy thinking. Linking tax cuts to medical inflation rates.
Maybe you could explain that one.
By the way, Your tax cut in percentage terms was probably bigger than the millionaires that you quote.
|
|
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 09:23 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
I'd imagine intercst IS a millionaire... :P
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 10:32 AM
|
#5
|
Recycles dryer sheets
Join Date: Jun 2002
Posts: 248
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
Quote:
Originally Posted by Martha
Intercst, I remember you talking about your personal inflation rate for health insurance since you retired.* Do you have any numbers/percentages that you can share?
|
My health insurance premiums have increased from $1,750/year in 1994 to about $6,000/year in 2005.
I have a comprehensive group policy that covers medical and dental through a professional engineering society.
intercst
__________________
***** puts the "hoco" in Hoco-mania
|
|
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 11:47 AM
|
#6
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,855
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
Quote:
Originally Posted by intercst
My health insurance premiums have increased from $1,750/year in 1994 to about
|
That's almost a 12%/year increase over 11 years. Have your health sector stocks/funds kept pace over that same time?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
09-15-2005, 01:37 PM
|
#7
|
Recycles dryer sheets
Join Date: Jun 2002
Posts: 248
|
Re: Forbes -- Growth in Health Ins. Premiums Slows
Quote:
Originally Posted by Nords
That's almost a 12%/year increase over 11 years.* Have your health sector stocks/funds kept pace over that same time?
|
The health care stocks I hold have grown at an annualized 18% per annum since 1994. The dividends I collect from them today are more than twice my health insurance premium.
intercst
__________________
***** puts the "hoco" in Hoco-mania
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|