(Kaiser) Since 2010 Deductibles for All Workers Have Risen Almost 3X
as Fast as Premiums and About 7X as Fast as Wages & Inflation
- Flashback: Remember when Obama promised that the ACA would drive down healthcare costs by an average of $2500 a year — Where are those promised savings?
Since 2010 both the share of workers deductibles and the size of those deductibles have increased sharply. These two trends result in a 67% increase in deductibles since 2010 much faster than the rise in single premiums (24%) and about seven times the rise in workers wages (10%) and general inflation (9%)
“With deductibles rising so much faster than premiums and wages, its no surprise that consumers have not felt the slowdown in health spending,” Kaiser Family Foundation President/CEO Drew Altman said.
In related ObamaCare news, The Wall Street Journal reported Monday, that a majority of ObamaCare insurance co-ops (12 of 23) have now failed and their $1.24 Billion of taxpayer loans have all but vaporized. As more fail, nearly a million Americans may lose insurance coverage as the contagion from their failures spreads.
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