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Employer Health Insurance Premiums Rose 62%, Deductibles More Than Doubled 2003-2011

From the National Business Coalition on Health: Average premiums for employer-sponsored family health insurance plans rose 62 percent between 2003 and 2011, rising far faster than incomes did in all states, according to a new Commonwealth Fund analysis that tracks trends in job-based coverage state by state.

The study also finds that annual costs for the share of insurance premiums paid by workers grew an average of 74 percent, and deductibles more than doubled during the period. Total health insurance premiums now amount to 20 percent or more of annual median family incomes in 35 states, affecting 80 percent of the U.S. working-age population.

In Tennessee, the average single premium increased 33% and the average family premium increased 42%, significantly below the national average. However, health insurance premiums did amount to 20 percent or more for Tennesseans.

Read the details on these and other findings from the Commonwealth Fund.

Posted by Cristie Travis at 9:39 AM

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