Survey indicates health insurance premiums up 13.9 percent from 2002 – Newsletter

Survey indicates health insurance premiums up 13.9 percent from 2002 – Newsletter – Brief Article

Matthew Neff

According to results of the 2003 Annual Employer Health Benefits Survey, private health insurance premiums increased 13.9 percent between spring 2002 and spring 2003, representing the third consecutive year of double-digit increases and the seventh straight year of increases. Also, for the second consecutive year, premium increases exceeded the rate of inflation by more than 10 percentage points. The survey, which was released by the Kaiser Family Foundation and Health Research and Educational Trust, was conducted between January and May 2003 and included 2,808 randomly selected public and private firms with an employee range of three to 300,000. Annual premium averages were $3,383 for single coverage and $9,068 for family coverage, with employers paying 73 percent and employees paying 27 percent on average. The study noted that most employers were passing on the higher costs to their employees rather than dropping coverage. The study is available online at www.kff.org/content/2003/3369.

COPYRIGHT 2003 American Academy of Family Physicians

COPYRIGHT 2003 Gale Group