Our last three annual premium increases have averaged 19% (including a huge increase in 2007 when I had the gall to reach age 50). Next month we'll begin paying a premium 69% greater than the premium we paid in January 2007 when we signed on with this insurer. And we're relatively healthy. We've cost the insurer $300 per year each in 2007 and 2008--the amount our insurer will pay toward an annual physical exam, deductible notwithstanding. If the 19% average annual increase we've experienced persists until I'm eligible for Medicare at age 65 (assuming Medicare hasn't long gone bust), our annual premium would reach $45,144
Blue Cross/Blue Shield's partial explanation of the premium jump? "Covered individuals are using more services." Wow. In other words, if y'all would just stop seeking medical care, then we could slow down the rate of increase in the cost of the insurance that you'd then never need because you'd not be seeking medical care anyway. I've know of no bigger racket outside of Las Vegas.
Yep, in Canada a part of the taxes we'll pay, as well as a relatively modest, income-adjusted monthly premium, will go to pay for the country's universal health insurance system. Since per capita healthcare expenditures in Canada are one-half of those in the U.S., and since Canada ranks above the U.S. by virtually every measure of healthfulness, I'm guessing we'll come out ahead.