Time for Health Insurance Reform
I am so frustrated I could spit!
At my company, we are going through our annual health insurance renewal process. Our health insurance company (who shall remain unnamed to protect the guilty) raised our costs by 28%. It should be noted that their original proposal was for a 33% increase and they “kindly” reduced it to 28%.
In my opinion, that is outrageous. No other costs are increasing at that rate. It is an extreme hardship on our staff and a boat anchor for our business. We will never be able to get the economy going again if businesses across the US are forced to increase their health insurance costs by 28% a year.
My company essentially split the cost with our staff by absorbing a 14% increase in the premiums and passing on the additional cost to the heaviest users in the form of higher deductibles. The only winner here is the insurance company.
Here is an article from the Atlanta Journal Constitution on the same topic.
The system is broken and it needs to be fixed. I don’t know if the health insurance legislation that is stalled in Congress is the answer, but I do know that they need to do something – and do it soon. The Republican approach of denying and delaying is absolutely unconscionable.