American private health care insurance premiums up 113% in ten ...
While that increase is significantly higher than the last few years, it is in line with the trend over the last ten years, which saw premiums for family plans increase 113%. The workers' share of the premium has increased by even more: 131% . That compares with wage increases of 34% on average (and that average includes the wealthy, who have gotten most of the wage increases). There has been a lot criticism about the ten year agreement to increase the federal government's transfers for health care 6% annually. But over ten years that would be 34% less than the 113% increase in private US premiums. Ontario Ministry of Health & LTC spending has increased at a slightly faster rate than the 6% federal escalator (averaging 6.6% over the last ten years), but still far short of US health care premiums.
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