Average annual health insurance premiums in 2023 are $8,435 for single coverage and $23,968 for family coverage. These average premiums each increased 7% in 2023. The average family premium has increased 22% since 2018 and 47% since 2013.

Over the last ten years, the growth in the average premium for family coverage far outpaced inflation (47% vs. 30%) [Figure 1.15]. The average family premium grew 7% in 2023, compared to the average wage growth rate of 5.2%. Over the last 5 years, family premiums grew 22%, compared to 27% wage growth.

https://www.kff.org/report-section/ehbs-2023-section-1-cost-of-health-insurance/#:~:text=Over the last ten years,compared to 27% wage growth.

 

In 1994 I paid $4.28 per week for single coverage with a $500 deductible.  My boss paid $19 and change for a family plan with the same deductible.  What comes out of my wife's check bi-weekly for our family health care plan is ludicrous and pales in comparison to any other fixed cost of living in our household.  I'm sure it's not just us... as pointed out above.

Here’s one to ponder on!!

so if we took billions we sent to Ukraine and put it in health care what you think our annual cost would be?

just think about that!!

 

1 minute ago, X2700 said:

Here’s one to ponder on!!

so if we took billions we sent to Ukraine and put it in health care what you think our annual cost would be?

just think about that!!

 

the health care industry would just charge more

see medicare as an example 

24 minutes ago, X2700 said:

Large reason health care so damn expensive is look at dr’s and nurses payroll.

then look at the cash they blow on buildings and additions.

then there’s malpractice insurance they have to pay at least in mn.

hospitals also right off a huge amount of debt owed to them!!

I get a kick out of non profit!!

hell I know sections of mayo blow $20k a month on coffee for its better employees!!

Don't forget about pharmaceuticals ... they're a huge contributor to where we're at, too.  This was a FB post from a friend of ours who used to be our Thursday night bartender.  The ailment isn't like it's cancer.  She deals with psoriatic arthritis (sp?)

18 minutes ago, Bontz said:

Don't forget about pharmaceuticals ... they're a huge contributor to where we're at, too.  This was a FB post from a friend of ours who used to be our Thursday night bartender.  The ailment isn't like it's cancer.  She deals with psoriatic arthritis (sp?)

Skyrizi offers a savings discount if you qualify. I pay zero but you have to renew every year.

https://www.skyrizi.com/skyrizi-complete/save-on-skyrizi-costs

 

We have as many as 30,000,000 illegal immigrants in this country.  Yale and MIT estimated 22 million in 2018 (16.5-29.1 million) and we know we've added at least 10 million.  Now by no means to do all 30+ million have no insurance or don't pay but chances are a significant number do not nor do they pay their bills when they show up to the ER.

All of that is cost shared onto our bills.   Nobody will speak the truth when it comes to this. 

https://thehill.com/latino/407848-yale-mit-study-22-million-not-11-million-undocumented-immigrants-in-us/

 

 

We spend over $4.5 trillion on HC.   The largest HC Ins companies profited around $41 billion in 2022.   Times that by 5 to $205 billion and its still lest than 5% of total costs.   Its not the insurance profits that's costing us so much. 

https://penncapital-star.com/uncategorized/americans-suffer-when-health-insurers-place-profits-over-people/#:~:text=All told%2C America's largest health,care whenever they need it.

Insurance profits are one thing, their costs are another.  Don't forget to add that in and I don't mean the medical costs they pay but all the admin.  Being in MN I know a ton of really well paid people that work for United.  They all bitch like hell that United gets NOTHING done.

1 minute ago, Deephaven said:

Insurance profits are one thing, their costs are another.  Don't forget to add that in and I don't mean the medical costs they pay but all the admin.  Being in MN I know a ton of really well paid people that work for United.  They all bitch like hell that United gets NOTHING done.

Often the comparison on costs isn't accurate or valid.  

https://www.healthaffairs.org/content/forefront/medicare-more-efficient-than-private-insurance

Claim Of Lower Medicare Administrative Costs Is Based On An Incomplete Comparison

What about the claim that Medicare’s administrative costs are only 2 percent, compared to 10 percent to 15 percent for private insurers? The problem with this comparison is that it includes the cost of marketing and selling insurance as well as the costs of collecting premiums on the private side, but ignores the cost of collecting taxes on the public side. It also ignores the substantial administrative cost that Medicare shifts to the providers of care.

Studies by Milliman and others show that when all costs are included, Medicare costs more, not less, to administer. Further, raw numbers show that, using Medicare’s own accounting, its administrative expenses per enrollee are higher than private insurance. They are lower only when expressed as a percentage – but that may be because the average medical expense for a senior is so much higher than the expense for non-seniors. Also, an unpublished ongoing study by Milliman finds that seniors on Medicare use twice the health resource as seniors who are still on private insurance, everything equal.

Ironically, many observers think Medicare spends too little on administration, which is one reason for an estimated Medicare fraud loss of one out of every ten dollars of Medicare benefits paid. Private insurers devote more resources to fraud prevention and find it profitable to do so.

20 minutes ago, Deephaven said:

Insurance profits are one thing, their costs are another.  Don't forget to add that in and I don't mean the medical costs they pay but all the admin.  Being in MN I know a ton of really well paid people that work for United.  They all bitch like hell that United gets NOTHING done.

Your costs are 5x more than other countries.

Fucking idiot.

On 6/22/2024 at 5:56 PM, ArcticCrusher said:

Another one who too stupid.

There's no $$$$ in a health population.

Another IQTest.

No. You’re the ignorant beast here. The rate of inflation for medical care has been on a linear trajectory since 2000. The cost of medical care is driving the increase of health insurance. Dummy. 

1 minute ago, ActionfigureJoe said:

No. You’re the ignorant beast here. The rate of inflation for medical care has been on a linear trajectory since 2000. The cost of medical care is driving the increase of health insurance. Dummy. 

It's all planned stupid.

The last 4 years should have opened even most retards eyes.  But here we are.

49 minutes ago, Highmark said:

Often the comparison on costs isn't accurate or valid.  

 

And irrelevant.  Health company operating costs are absurd and they suck at their job just adding cost.  Lots of other pork fat in the system as well.  Couldn't be more inefficient.  The price of an office visit in Germany is often about the same as a copay here.  That should tell you something.

Just now, ArcticCrusher said:

It's all planned stupid.

The last 4 years should have opened even most retards eyes.  But here we are.

More nonsensical garbage from you. 

1 minute ago, ArcticCrusher said:

It's all planned stupid.

Yet you can't cite anyone who is planning it.

Just now, ActionfigureJoe said:

More nonsensical garbage from you. 

Dude is beyond bat shit crazy.  Dumbest fucker to ever be on this board....but of course he is choosing to be in FL in summer so that makes sense.

A cured patient is no longer a customer.

Just now, Turf said:

A cured patient is no longer a customer.

Yup.

9 minutes ago, Deephaven said:

Yet you can't cite anyone who is planning it.

Dude is beyond bat shit crazy.  Dumbest fucker to ever be on this board....but of course he is choosing to be in FL in summer so that makes sense.

The cost of rising medical care is caused by 3 factors which the goon can’t see. 
 

1. Aging population.

2. Preventable chronic health conditions due to the unhealthy food supply and sedentary life style  

3. Acute care for non-acute conditions.
 

Fix those issues and the cost of medical care will drop.  

Edited June 24, 20241 yr by ActionfigureJoe

6 minutes ago, Turf said:

A cured patient is no longer a customer.

I’ve known many healthcare providers and have yet to meet one that intentionally kept a patient ill. I’m not saying that they’re isn’t some sickos out there that do that, but they’re rare and have virtually no effect on the cost of medical care. 

59 minutes ago, ActionfigureJoe said:

I’ve known many healthcare providers and have yet to meet one that intentionally kept a patient ill. I’m not saying that they’re isn’t some sickos out there that do that, but they’re rare and have virtually no effect on the cost of medical care. 

You just saw trillions spend on covid full fascism that none of it was for your health.  

Fucking idiot.

17 hours ago, Deephaven said:

And irrelevant.  Health company operating costs are absurd and they suck at their job just adding cost.  Lots of other pork fat in the system as well.  Couldn't be more inefficient.  The price of an office visit in Germany is often about the same as a copay here.  That should tell you something.

The price of an office visit in Germany is low because doctors and nurses salaries are  half of what they are in the US.  Labor is 50% of medical costs in the US.  On top of that doctors in Germany see almost twice as many patients per day as they do in the US.   Why?   Good question but it definitely affects cost. 

My post showing when accurately compared Medicare administrative costs being higher than private is 100% relevant.   How can it not be?

People like you are too biased or obtuse to understand what truly makes our HC system so expensive. (Fat unhealthy drug and alcohol abusers that go to doctors nurses and administrators that are paid by the market not controlled by the govt.)

Another topic you just fall into the typical myopic leftwing talking points.....private insurance is the root of all our problems.   Congrats.

https://www.medscape.com/viewarticle/997263?form=fpf

https://www.beckershospitalreview.com/finance/how-23-health-systems-labor-costs-are-trending.html#:~:text=Even before the pandemic%2C labor,to the American Hospital Association.

Even before the pandemic, labor expenses — which include costs associated with recruitment and retention, employee benefits and incentives — accounted for more than 50 percent of hospitals' total expenses, according to the American Hospital Association.

Edited June 25, 20241 yr by Highmark

5 hours ago, Highmark said:

My post showing when accurately compared Medicare administrative costs being higher than private is 100% relevant.   How can it not be?

 

Never said it wasn't.  Just was stating that our whole system is completely jacked and we waste money left and right.

5 hours ago, Highmark said:

People like you are too biased or obtuse to understand what truly makes our HC system so expensive. (Fat unhealthy drug and alcohol abusers that go to doctors nurses and administrators that are paid by the market not controlled by the govt.)

I understand completely, no bias here.  It isn't just one thing.  Not sure why you instantaneously jumped into the I must be disagreeing with EVERYTHING you stated, becaused I surely didn't.

5 hours ago, Highmark said:

Another topic you just fall into the typical myopic leftwing talking points.....private insurance is the root of all our problems.   Congrats.

Never said private insurance was the root of our problems, just said it was all fucked up.  Obamacare is even worse.  Either way, the only congrats is your inability to read for context based on who does the posting.  Perhaps you should hide the avatars and names and just read...

 

3 minutes ago, Deephaven said:

Never said it wasn't.  Just was stating that our whole system is completely jacked and we waste money left and right.

I understand completely, no bias here.  It isn't just one thing.  Not sure why you instantaneously jumped into the I must be disagreeing with EVERYTHING you stated, becaused I surely didn't.

Never said private insurance was the root of our problems, just said it was all fucked up.  Obamacare is even worse.  Either way, the only congrats is your inability to read for context based on who does the posting.  Perhaps you should hide the avatars and names and just read...

 

  Might want to look in the mirror there dude.  

I refuse to wear reading glasses so that is exactly how I read the forum.

I think one thing people may not know is much of the healthcare industry has moved to outcomes based metrics. Large companies are acutely aware on how much healthcare is costing them (as is the government for that matter) and watch it very closely. Many times they want performance guarantees in the forms of employee satisfaction guarantees, emergency room reduction guarantees, outcomes guarantees, cost containment guarantees, etc. They absolutely are incentivized to provide better healthcare at lower costs or else THEY pay when they fail.

 

So when someone says "a cured patient is no longer a customer," they clearly have no idea how sophisticated performance metrics have become and have completely failed to think about who's paying for and their distaste for spending more and more every year.

 

Long way to go though, for certain. 

On 6/22/2024 at 10:30 AM, Crnr2Crnr said:

can you compare similar increases in the Canadian h/c costs per person or family... or attempt to add anything relevant to the topic?

if I were running for office (which I'm not) I would totally utilize economic bullet points as such... h/c costs are hurting individuals and families economically far more than groceries or gasoline prices.   

 

 

 

Add in local school property taxes...