Health insurance group plans are 97 percent more expensive than in 2002

Cost of health insurance rates

The price of medical coverage has been on a rapid climb throughout the last decade. A new national business survey has released its results this week, and it has shown that the cost of family health insurance through workplace plans has increased another 4 percent this year, while wages rose by only 1.7 percent. The survey was conducted by the Kaiser Family Foundation/Health Research & Educational Trust. The gap between the coverage sponsored by employers, and the salaries paid to the employees is considered even more significant when the trend…

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