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Thread: Health Care Prem's Up 6.1% in Year. What else do the numbers say?

  1. #1
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    Default Health Care Prem's Up 6.1% in Year. What else do the numbers say?

    http://news.yahoo.com/s/ap/20070911/...ising_premiums

    This isn't an apples to apples comparison because we're not given the information (in the link) to do this, but interesting:

    6.1% increase in one year in health care premiums by employees and their employers
    2.6% increase in general inflation over the same period.
    11% increase in earnings reported by Well Point (largest health insurer) during the last quarter
    22% increase in earnings reported by United Health (2nd largest health insurer) during the last quarter.
    Last edited by matclone; 09-11-2007 at 07:01 PM.

  2. #2
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    Default Re: Health Care Prem's Up 6.1% in Year. What else do the numbers say?

    They're are trying to get more docs back in the networks. In most areas the current doc's are overloaded, so the insurers need to pay more to boost the loads of those that are in and to add new docs to the lists. And, of course, some employers are transferring a little more of the cost to the employee. I know some companies that once paid 80% of the per employee cost, have reduced that to 75% boosting the charge to the working stiff.

  3. #3
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    Default Re: Health Care Prem's Up 6.1% in Year. What else do the numbers say?

    There has long been an inherent tension between employees and employers wanting to keep down costs, and doctors wanting to have a good income, and insurers wanting to stay profitable.

    There's a tension between the need for health care (all of us) and the profitability of those who deliver health care.
    Last edited by matclone; 09-11-2007 at 07:23 PM.

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