Health Care Costs for Family of 4 to Top $20K This Year
That's up 7% from last year, say analysts
By Evann Gastaldo, Newser Staff
Posted Mar 29, 2012 12:47 PM CDT
ObamaCare supporters outside the the Supreme Court on the third day of oral arguements over the constitutionality of the Patient Protection and Affordable Care Act on March 28, 2012 in Washington, DC.   (Getty Images)

(Newser) – Health care costs for a family of four covered on an employer's insurance plan are expected to exceed $20,000 this year, an increase of 7% from last year—and more than double the $9,235 it would set you back in 2002. Under such plans, employers pay a large portion, but the portion employees have been asked to shoulder is increasing—meaning higher premiums, deductibles, and co-pays. Last year, employees paid $3,280 out-of-pocket to cover a family of four, an increase of 9.2%.

This will be the fifth consecutive year health care costs have risen between 7% and 8%, CNNMoney reports; meanwhile, other expenses also continue to increase while incomes do not. For those who purchase insurance on their own, the numbers are even higher: For premiums alone, the average family paid $7,102 in 2010. Click for the latest on the fate of the Affordable Care Act, which had sought to bring these costs back under control.

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Showing 3 of 36 comments
Mar 30, 2012 8:49 AM CDT
Why is everyone so worried about health care costs or any costs of any product, this is how america works everyone, are you listning? when you dont purchase a product or service that company suffers and is forced to change its pricing or fold, if a company folds, some other company will buy them (no need to bail anyone out). thats it - thats the whole ball of wax, boy economincs are tough
Mar 30, 2012 6:53 AM CDT
... and a significant part of that money is going to the profit of insurance companies that provide you NO care at all. Another part of that money pays entire offices full of people whose job it is to look at your policy and deny you coverage. Your premiums are paying for bonuses, dividends, jets, 16th floor corner offices, "retreats" to Maui ... THAT is the "private sector" ... "business model" for delivering health care, the best CARE in the world ... and it's the WORST way to access the BEST care.
Mar 29, 2012 7:17 PM CDT
Healthcare reform should never have been about insurance. It should have been about healthcare cost reform. Reducing the ridiculous amounts that healthcare providers get by with charging their patients which should have included the elimination of insurance providers, torte reform, and better controls over big pharm.