Health Insurance Costs to Be Evaluated By the Senate
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The New York State Senate has approved legislation to create a panel to study any proposed health insurance mandate and their impact on costs to the consumer.
What this means is that, perhaps, legislation will finally begin evaluating how we go about controlling health insurance costs without sacrificing the kind of medical coverage that people really need.
And this kind of help can't come fast enough. While health care costs are rising slower than in previous years, the rate of increase is still well above consumer price index increases. In order to cope with health insurance inflation, companies are changing their benefits packages, shifting costs onto employees and dependents.
Not only is health care spending rising at the fastest rate in our history, it is expected to keep going up, reaching $4 trillion dollars by 2015.
In 2006, employer health insurance premiums increased by 7.7 percent - two times the rate of inflation. And that's nothing compared to the travesty of individual health insurance.
Hopefully, as more and more people demand control over health insurance costs and coverage, someone will finally be forced to do something about it.