Copyrighted Image? DMCA | Richard A. Young and Jennifer E. DeVoe project that, even if the health reform law does succeed in bringing down health-care costs, we're still on track for insurance premiums to surpass average household income by 2037: If health insurance premiums and national wages continue to grow at recent rates and the US health system makes no major structural changes, the average cost of a family health insurance premium will equal 50% of the household income by the year 2021, and surpass the average household income by the year 2033. If out-of-pocket costs are added to the premium costs, the 50% threshold is crossed by 2018 and exceeds household income by 2030. Without major structural changes in the US health care system, the employee contribution to a family premium plus out-of-pocket costs will comprise one half of the household income by 2031 and total income by 2042... |
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