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September 09, 2004

Health insurance costs up by double digits, report finds

Employers and workers are paying 11.2 percent more for health insurance this year, a slightly smaller increase than recent years but still the fourth consecutive double-digit rise in costs, a new nonpartisan report found.

The latest increase came on top of a 13.9 percent increase in 2003, pushing premiums up 59 percent overall since 2000. And with the annual cost of family coverage now topping $10,200 for some plans, more employers are dropping coverage, a trend that left 5 million more jobs without health insurance.

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Posted by Tom Troceen