News

Study: Rise in health insurance costs, income out of sync

Written by Megan Lello and Radio Pennsylvania | Dec 16, 2012 9:42 AM

(Harrisburg) -- A new study shows the average Pennsylvanian's income isn't keeping pace with rising health insurance costs. 

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The report from the Commonwealth Fund says the average employer-sponsored health care plan in the state costs about $15,000, an increase of 65 percent over the past eight years.

Senior Vice President Cathy Schoen says median income increased 13 percent in the same period. "Families have been paying a higher share of premiums, so the amount that's coming out of their paycheck for premiums, but also for health insurance, because deductibles are up, is going up at a time their income is either flat or going up very little."

Schoen says family premiums could rise to nearly $25,000 a year by 2020 if the trend persists.

The study reports similar trends in all 50 states.

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