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Sigh, premiums are going up 68% next year...for the exact same coverage.

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Progressive_In_NC Donating Member (448 posts) Send PM | Profile | Ignore Tue Dec-08-09 11:46 AM
Original message
Sigh, premiums are going up 68% next year...for the exact same coverage.
Edited on Tue Dec-08-09 12:04 PM by Progressive_In_NC
My company is very generous. They pay all of the employee's portion and 50% of the family portion. It doesn't affect me as much because I make enough to offset everything. But some of my workers who were paying $234.00 per month for not great insurance, will now be paying $390.00. I don't know how many of my hourly folks are going to afford that, the company may have to step in and take on more of the burden.


The policy has a huge deductible too, but the company subsidizes all but $500.00 of that independently.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:48 AM
Response to Original message
1. don't you mean premiums? not benefits?
:shrug:
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Progressive_In_NC Donating Member (448 posts) Send PM | Profile | Ignore Tue Dec-08-09 12:25 PM
Response to Reply #1
9. yup, I fixed it thanks....NT
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endless october Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:49 AM
Response to Original message
2. another great argument for single payer.
i'm sorry to hear that it's going up that much.
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dugaresa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:54 AM
Response to Original message
3. single payer would save a lot of companies a lot of grief and money
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guitar man Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:56 AM
Response to Original message
4. mine is increasing yet again
And coverage is decreasing. I had a hard time trying to afford what I was paying this year, I have no idea how I will afford the $514 a month I will be paying next year :(
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:56 AM
Response to Original message
5. And how long can your company keep paying that much of the premium
At some point it breaks the back of the business and something has to give.

But all Congress is worried about is the insurance companies.
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 11:57 AM
Response to Original message
6. You mean premiums, right? It's good if benefits go up. nt
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Progressive_In_NC Donating Member (448 posts) Send PM | Profile | Ignore Tue Dec-08-09 12:24 PM
Response to Reply #6
8. yes, I fixed it thanks (NT)
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Tailormyst Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 12:00 PM
Response to Original message
7. The fact that our representatives refuse to implement Single Payer will destroy us eventually
If rates continue to rise they will have no choice. Soon even republican voters will see that our current system does not work. Profits made from the suffering of others is ugly indeed.
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Progressive_In_NC Donating Member (448 posts) Send PM | Profile | Ignore Tue Dec-08-09 01:26 PM
Response to Reply #7
10. I have to agree
another 50% premium hike and our company won't have anybody left on the plan.
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