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Health Insurance Premiums Have Risen More Than 1600% Since 1985 PDF Print E-mail
Written by Ken Williamson   
Tuesday, 13 October 2009 01:48

 

 

In 1985 I paid $20 a month for family health insurance. Today I pay over $350 a month for roughly the same coverage. If you do the math {((350-20)/20)*100 = 1650%}, that is a premium increase of 1650% over the past twenty-four years. By comparison, in 1985, the cost of gasoline was around $1.20 a gallon on the East Cost. If the cost of gasoline had increased 1650% over the last twenty-four years, we would all pay around $21 a gallon today on the East Cost for gasoline. Just consider the financial burden that $21 a gallon gasoline would cause on the average American family. So, how is it then that we allow the Health Insurance Industry to levy such astronomical premium increases on the health and well-being of our families? Well, the time has come to end this strong-arm approach used by health insurance companies and the way to do that is for Congress to pass a Health Care Reform Bill that includes a Strong Public Option.


No matter what health insurance companies say, they are part of the problem and not part of the solution. Health insurance companies have no intension of reducing the ridiculously high salaries they pay their executives. They have no interest in lowering premiums or expanding coverage to all Americans. Health insurance companies are in business for one reason only, to make large profits for their share holders. And make profits they do.


Consider for a moment how the current health care system model stifles entrepreneurship in this country. Potential entrepreneurs and potential small

business owners considering leaving the corporate world to go out on their own must wrestle with the high cost of health insurance or even the loss of health insurance altogether. For example, a small startup company with only ten employees could pay well over a $1000 a month per person for health insurance if half of their staff is over the age of forty. To make things even more difficult, many health insurance companies flat out refuse to offer a group health plan to companies with less that twenty-five employees.


Health Care Reform with a Strong Public Option is the only way to control the cost of health care and the only way to control health insurance companies. Health Care Reform with a Strong Public Option could very well be the spark that ignites a new business revolution in this country. With a good reform bill, America could once again be competitive as a leading industrial nation producing products on our own soil rather that in foreign countries and thereby increasing the number of American jobs created each year. The huge increase in entrepreneurship and the number of small businesses could have a major impact on the way Americans live and work in the 21st century. America and Americans could once again become the most innovative country and most innovative group of people in the world. But it all hinges on Congress passing a Health Care Reform Bill that includes a Strong Public Option.


Please call your Congressperson and show your support.


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3.23 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

Last Updated ( Tuesday, 13 October 2009 01:58 )
 

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