The Commonwealth Fund, a private foundation working to improve the health care system, has released a new report concerning the state of health insurance premiums in West Virginia. According to the report, premiums in the state have risen by 55% in the last decade, with deductibles jumping by 84% in the same amount of time. The report suggests that the state has the 14th highest premiums in the nation. This puts major financial stress on state residents as West Virginia is home to the lowest median income in the U.S.…
Read MoreTag: cost of medical care
Study shows employer-sponsored health insurance is becoming more costly, maybe due to federal insurance mandate
A new study from the Kaiser Family Foundation, a non-profit health care organization, has uncovered a startling trend concerning the cost of employer-sponsored health insurance. The study shows that the cost of health insurance for employers has been rising at a rapid pace this year, which runs contrary to reports citing moderate increases to insurance rates. Exactly why rates are currently soaring to new heights is unknown, but researchers from the foundation speculate that it may be due to the federal insurance mandate which requires all people to have health…
Read MoreNorth Carolina Republican panel supports health care reform challenge
The assembly voted to include the state into a nationwide lawsuit aimed against mandatory health insurance. This feature of the new health care reform, set to take place in 2014, requires Americans to purchase health insurance or pay a fee. The House vote was 23 to 16 in the latest provision aimed to block imposed health insurance by the Republican Party. “This is designed to protect the vast majority of our citizens from what we believe is an unjustified incursion of government power,” said House Majority Leader Paul Stam, R-Wake,…
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