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Michigan consumers are petitioning to halt yet another increase in their individual health insurance premiums. As healthcare costs continue to rise, will all medical coverage become impossible to afford?

At freep.com, the situation in Michigan is reported, but it isn't very different from what's happening everywhere in the US. Rate increases for individual health insurance policies are expected to be anywhere from 4% to 25%, and in some cases up to 42% depending on the policy in question.

Most people who purchase individual health insurance do so because they don't get medical coverage from their employer, and rates for these plans are already significantly higher than those paid by groups through an employer. By raising the prices yet again, medical coverage will be completely out of reach for thousands of Michigan residents.

At the same time, profits are down for health insurance agencies, and healthcare costs continue to go up. This makes it hard to point the finger at anyone in particular, since everyone seems to be losing.

Many claim that individual health insurance, alongside all medical coverage plans, won't become more affordable until federal guidance controls the market. But, this doesn't appear to be on the horizon. In the mean time consumers need to shop around, comparing different policies and rates from different companies, and hopefully finding coverage that is more affordable without sacrificing their health.