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Health Insurance Costs Up 10% - AGAIN???

December 23rd, 2006 by Bob Stovall
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I don’t know about you, but as a small business I can barely afford what my and my wife’s insurance cost last year - and now I get notified that it is going up 10% again next year.

That will come to $950 per month for health insurance for two people. Pardon, me but I think that is outlandish. What percentage of your monthly income is going to health insurance? Before you answer, think of the tax burden caused by those who can’t afford insurance and then go to the emergency room for routine treatment. The price of health insurance and taxes are inextricably tied to one another.

I happen to live in Kentucky, which is a health care basket case, but I know that the problem exists all over the country. The health care system in the US is sliding into the toilet faster than any of us can imagine.

What chance does General Motors have to survive when $1500+ of every car’s price goes to pay for health care benefits (another indirect tax on healthcare by the way)? They can’t –and they won’t unless something is done to clean up the sorry state of American health care.

I am not an insurance expert. I don’t have an answer to the problem. But somebody out there needs to take the bull by the horns and solve it. Massachusetts has taken a bold step in trying. I don’t know (and I don’t care) whether you like what they have implemented, but at least they are DOING something.

Maybe if members if the new Congress can take their hands out of our pockets for a few minutes, they could come up with an idea to help make the market for health insurance healthy again.

End of rant.

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