Home > Uncategorized > Mike Hall – Health Insurers Raised Premiums at Staggering Pace in Past Decade

Mike Hall – Health Insurers Raised Premiums at Staggering Pace in Past Decade

From the AFL-CIO Now Blog:

Health Insurers Raised Premiums at Staggering Pace in Past Decade

by Mike Hall, Dec 15, 2010

Here’s more evidence that the past decade has been very, very good for the health insurance industry and more insight into why Big Insurance fought so hard to derail health care reform, especially the new law’s requirement that companies actually spend premium dollars on health care.

Family health insurance premiums more than doubled between 1999 and 2009, far outpacing the growth in workers’ earnings and overall inflation, reports the Economic Policy Institute (EPI). Those premium dollars fueled nearly annual levels of record profits along with outrageous CEO salaries and extravagant executive perks and bonuses.

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