Thread: Medical Costs Are Expected to Jump

This is the part that gets me!

"The sad thing for workers and retirees and their families is that we've seen rising health costs for the last five years

OH MY, who has been the President for the last 5 YEARS!!!!!!!!!! Duh, do you think that just MAYBE illegals might have something to do with this?

I see more and more things that have come to pass since Bush was put into office. This man is on a fast track to destroy America!

http://www.latimes.com/business/la-fi-h ... &cset=true


Medical Costs Are Expected to Jump
Studies say workers and retirees will pay more this year as employers plan to cut spending.
From Bloomberg News
July 6, 2006


Medical costs for U.S. workers and retirees will rise this year even as the companies that buy their health coverage seek to curb spending, according to two surveys released Wednesday.

The total average cost for a family of four will be $13,382 in 2006, up 9.6% from a year earlier, said a report by Milliman Inc., which consults for insurers. At the same time, about 14% of companies surveyed by another consultant, Watson Wyatt Worldwide, said they expected to eliminate retiree health benefits for current workers.



Rising healthcare expense has been a burden for U.S. companies that buy coverage for 160 million workers, retirees and their families. Every year since 2000, premiums rose at least twice as fast overall as inflation and worker earnings.

"The sad thing for workers and retirees and their families is that we've seen rising health costs for the last five years, and costs are expected to keep on increasing," said Paul Fronstin, director of health research for the Employee Benefits Research Institute.

Employers will spend about $8,362 a year on premiums for a family of four, or 62.5% of the tab, the Milliman report said. Families will pay about $2,810 for their share of the cost of premiums and an average of $2,210 in out-of-pocket expenses for treatments, the report said.

Milliman, a consulting and actuarial firm based in Seattle, analyzed medical claims from employer health plans across the country to track cost trends.

A separate study by Watson Wyatt, based in Arlington, Va., found that "a vast majority of employers are planning to curtail their retiree medical plans for current and future retirees in the next five years." That study, based on a survey of 163 companies nationwide, found that 6% of companies plan to eliminate benefits for current retirees.

"One bit of good news for employees is that the vast majority of employers currently providing retiree medical benefits will continue to do so," said Cara Jareb, director of retiree medical consulting for Watson Wyatt. "The bad news is that retirees — especially future retirees — will have to pay more for their coverage."

Now Congress has passed laws making it much harder to declare bankruptcy, in a day and age that a lot of Americans have had to declare bankruptcy because of skyrocketing health care, because we can't seem to get any help from the government for our health care crisis, they are to busy paying for illegial aliens health care who don't even belong in this country! Not that I am for declaring bankrupt, never have and hope to god I never have to, I have seen friends literally ruined with medical bills from a terminal disease of a loved one!