78 Percent Increase in Health Insurance Premiums Since 2000

Health insurance went up 7.7 percent this year,medical bills. In an ongoing case in California the
thats twice the rate of inflation. Premiums havestate is investigating a claim against Blue Cross
increased by 78 percent since the year 2000who stopped coverage for a family when it's
compare that to salary increases of just 20medical bills reached $20,000. The family have
percent and the real picture starts to have anbeen left with outstanding medical bills of over
impact.$60,000.  The company have accused the family
Individuals are now averaging a little over $4000 aof failing to disclose in their coverage application
year in premiums with American families payingan undiagnosed lump on one of the children's chins.
out almost $11,500 this year. Companies offeringThe family say they (or their physician) knew
health care benefits now stands at 61 percent thisnothing of any tumor when they made the
is down from 69 percent in 2000. It's estimatedapplication.
that over 155 million Americans will get their healthThese types of cancellations of coverage have
care benefits from their employers. To lower thenow created a massive backlash towards the
over-all cost of the insurance plans manyinsurance companies and resulted in a number of
companies are now offering benefit packagesongoing lawsuits. The policyholders are saying their
with higher deductibles. It should be noted thatpolices were illegally terminated which resulted in
this report comes out after a recent Censussubstantial financial hardship. State regulators are
reported that 1.3 million Americans where addedinvestigating and have said they are now
to the ranks of the uninsured during 2005. Whatpreparing to take action against Blue Cross.
becomes clear here is the long term trendSomething needs to be done to protect (us) the
towards the decline of coverage supplied by smallpublic against these (insurance) companies. The
businesses from their employees.hardship caused when a family is faced with these
"To working people and business owners, amedical bills at a time when they really need the
reduction in an already very high rate of increasemost support is nothing short of criminal. Having
just means you're still paying more" said Dr Drewtaken our money every month for years on end
Altman, president and chief executive of thethey should not have the right to terminate our
Kaiser Foundation.coverage. They should by law be forced to honor
Insurance companies have been under attackthe agreement they wrote and we agreed too.
recently for dumping families that build up large