according to jeff

The annual notice of the premium increase for my health insurance has arrived. It’s not pretty.

If you’re new to this discussion, you may want to start by reviewing the previous four articles on this topic:

• 2006: Whining about Health Insurance
• 2007: Health Insurance, Part 2
• 2008: Health Insurance, Part 3
• 2009: Health Insurance, Part 4

Let’s start by looking at some numbers:

Year		Premium		Deductible		Increase		Increase
2003		$225		$4000
2004		$275		$4000		$50		22%
2005		$327		$4000		$52		19%
2006		$415		$4000		$88		27%
2007		$532		$4000		$117		28%
2008		$633		$4000		$101		19%
2009 1		$717		$5700		$84		13%
2009 2		$641		$5700		($76)		-
2010		$814		$5700		$173		27%

Notes:

1. This rate increase was coupled with an increase to the deductible, or, in other words, a reduction in coverage.
2. This reflects removing my married son from our family policy.

What more is there to say? These figures speak for themselves:

1. Premium increase: 27%.
2. Annual cost of health insurance exceeds $15,000.
3. Cost of insurance doubled in 4 years, while the deductible increased by $1700 and a person was removed from the policy.

And health care “reform” hasn’t even kicked in yet…

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