Health Insurance Costs Rise Faster Than Wages

[There's always new rules being added by do-gooding legislators so the well-paid medical bureaucracy just keeps growing like a cancer]

"Health insurance premiums for workers are rising around three times faster than their wages, and health costs eat up a quarter of earnings for more than 14 million Americans, according to a survey on Tuesday. While benefits are being cut, health insurance premiums are rising, the report from the nonprofit Families USA found.

"Working families were squeezed by runaway health care costs over the past four years," said Families USA executive director Ron Pollack. "As a result, workers are paying much more in premiums but are receiving less health coverage, wages are being depressed; and millions of people have lost health coverage entirely."

The cost of health insurance premiums rose by nearly 36 percent on average from 2000 to 2004 in 35 states, said the group, which bills itself as a nonpartisan watchdog on health care issues. Average earnings rose just 12 percent over the same time".

More here.