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.
Posted by Tom Troceen