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Average Health Insurance Deductible

Posted in Uncategorized | August 27th, 2011

average health insurance deductible
why are some so “unwilling” to even consider some sort of universal health care?

or at a minimimum health care reform.

The average cost of a family plan purchased by employers this year hit a new high, $12,106, according to the survey. Individual coverage premiums averaged $4,479.

The cost for family coverage has risen 78% since 2001, while wages have risen 19% and prices for goods and services have risen 17% in that period,

The average amount paid above is over one fourth of what the average American earns in a year. If you throw in the high deductibles required now, just to get your premiuims down to only $12,000 a year, the actual cost of health care is even higher.

http://www.usatoday.com/money/industries/health/2007-09-11-insurance_N.htm

subguy – who said it would be free. If it costs me $3000 in taxes vs. $12,000 in premiums, won’t I be $9000 richer?????
Warren – if it did cost 200 bil, that is less than $700 per person per year in the U.S. that is a lot less than the average of $12,0000 per family listed above

Excellent question!!!!!!!!!!!
I am an employer, fiscal conservative, and have been a registered Republican for over 30 years.
As an employer, I can attest to the fact that health insurance has become far too costly. In my business it has exceeded 25% of my payroll, even with cutbacks in coverage. My employees now have junk coverage and have taken rollbacks in pay just to keep medical coverage. This is a sorry state of affairs.
As a Republican, I would like to know who the sorry SOBs are that keep calling universal coverage socialized medicine. These knotheads keep using the words socialized medicine to raise resistence to solving this problem.
As a businessman, let me add this. The health insurance business should not be considered part of the free market system. In a free market system, competition is open for anyone to enter the market. How many people can go down to their friendly neighborhood, mom-and-pop, health insurance companies and get health insurance.
No one can. The health insurance business is only open to companies with vast amounts of capital. This make the health insurance industry a cartel not a free market entity.
Another point. Health insurance companies operate at a margin of 40%. In other words 40% of the money you and I pay for health insurance goes to administrative cost. It does not go to the cost of healing the sick. Compare that to the 3% administrative cost of medicare.
Why there is resistence to universal coverage thru a publicly owned company, rather than privately owned, is beyond me. Was there this much debate when someone had the bright idea to save their community thousands of dollars by building a municipal water system? There is no difference to a single payer medical plan in which Americans can “buy” into than a water system that they buy into.
Since the medical insurance industry in the USA is a $2 trillion a year business, it’s my guess that it is insurance company shills who keep the words socialized medicine in this debate. Universal coverage would be the end of the gravytrain for them. And at $2 trillion per year, it’s the biggest gravytrain in the world.