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US Health Insurance Premiums to Rise 72 Percent by 2020, Says Commonwealth Report

by Lakshmi Gopal on February 19, 2012 at 5:41 PM
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 US Health Insurance Premiums to Rise 72 Percent by 2020, Says Commonwealth Report

A Commonwealth Fund report says that the ongoing rise in health care premiums in the US before enactment of the Affordable Care Act means that the average premium per family will rise 72 percent by 2020.

This translates into nearly $24,000 per family per annum.

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This was seen especially in cases of premiums in health insurance made accessible by private employers.

The study said that there was an increase of 50 percent in total premiums for family coverage from 2003 to 2010, while there was a rise of 63 percent in employees' annual share of premiums.
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Therefore, health care reform has a lot of scope to reduce insurance cost growth, the report said. The Affordable Care Act is in this sense, a positive step forward to regulate the medical system in the US, because the woes facing it will not conveniently disappear.



Source: Medindia
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