Health Insurance Premiums Rise-Prudential (PRU)
Premiums to cover a family have vaulted 87% since 2000, more than four times the rate of inflation and the growth of wages. Experts say premiums would be rising even faster if employers, workers and insurers weren't making health care trade-offs. Many employers are restricting which family members are covered and are forcing workers to pay more before their insurance kicks in. Workers are paying more for checkups, to buy drugs or visit the emergency room. Insurers are limiting the choices that patients have by dropping the priciest hospitals, doctors and labs. It cost a record $11,480 to cover the average premiums for a family, and $4,242 to cover a single worker. Of that, workers still pay about the same share, 27% for family coverage and 16% for singles. But the rising overall tab meant workers had to dig deeper to cover their share of $2,973 for families or $627 for singles. As premiums continue to rise, insurance companies are looking more and more attractive. The favorite out of our bunch is Prudential (PRU).
posted by Stock Administrator @ 1:56 AM
Health Insurance Premiums Rise-Prudential (PRU)
Premiums to cover a family have vaulted 87% since 2000, more than four times the rate of inflation and the growth of wages. Experts say premiums would be rising even faster if employers, workers and insurers weren't making health care trade-offs. Many employers are restricting which family members are covered and are forcing workers to pay more before their insurance kicks in. Workers are paying more for checkups, to buy drugs or visit the emergency room. Insurers are limiting the choices that patients have by dropping the priciest hospitals, doctors and labs. It cost a record $11,480 to cover the average premiums for a family, and $4,242 to cover a single worker. Of that, workers still pay about the same share, 27% for family coverage and 16% for singles. But the rising overall tab meant workers had to dig deeper to cover their share of $2,973 for families or $627 for singles. As premiums continue to rise, insurance companies are looking more and more attractive. The favorite out of our bunch is Prudential (PRU).
posted by Stock Administrator @ 1:56 AM
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