Health insurance costs have risen by 62 percent

Health Insurance rate increases

Family coverage has skyrocketed since 2003, showing the increasing expense for those paying for plans. According to the latest health insurance data from the Commonwealth Fund in a recently released report, the total cost for a family plan – for both employers and for employees – broke the $15,000 mark last year, which represented an increase of 62 percent since 2003. Wages, on the other hand, increased by only 11 percent during that same period of time. The cost of commercial health insurance has undergone an increase in its price…

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