A new report claims families won't be getting a break in health insurance cost increases. The DC based non-partisan group, New America Foundation, looked at hyperinflation of current health insurance costs.
In a conference call sponsored by Citizen Action of Wisconsin, co-author of a new report Elizabeth Carpenter says the issue should be a concern for everyone. She says even those who are currently insured need to realize more companies are cutting beneifts or the plans are becoming more expensive for the workers. She says here in Wisconsin the required contribution on behalf of the employee will more than double in the next eight years.
Senator Jon Erpenbach (D-Waunakee), Chairman on the Senate Committee on Health and Health Insurance, says the study highlights the need for health care reform.
"Incomes surely will not double in the next eight to ten years. Just the cost of the trying to be well or stay well, is totally unaffordable," says Erpenbach.
The research claims without reform family health insurance policies in Wisconsin will cost almost $25,000 a year by 2016.