Our family policies for 2009 are approximately $13,000 per year each. Our
increase for 2010 is about 24% to $16,000. Only two years ago it was $9400,
and we have moved to less comprehensive plans. If you follow these increases
out only another two years, you are in the low to mid $20K’s per family. This
basically becomes a 40-75% tax on each employee, which is obviously a dis-
incentive to hire anyone.
If the median household income in the US is just over $50K, how can anyone
expect to pay what looks to be 40-50% of that for health insurance? I don’t
believe that costs to insurers are rising at this rate and where is the
competition? Everyone moves their rates in lock step.
Ted Stux
New England Cranberry Co.
Lynn, MA
Tags: health insurance, New England Cranberry Company, small business
