Healthcare Costs More Than Workers Get Paid

September 28, 2011

We all know health insurance is expensive, but it’s taking more out of your paycheck than you might realize.  The cost of health insurance in the U.S. has exceeded worker’s monthly wages, according to a new study carried out by Kaiser Family Foundation.

The findings from the study come at a time the Americans are already being grappled with a weak economy and job losses. The study showed that premiums increased 2.1 per cent faster than workers’ wages and 3.2 per cent more than the general inflation. Since 2001, family premiums have increased 113 per cent, compared with 34 per cent for workers’ wages and 27 per cent for inflation.

Click here to read more in the International Business Times.