Health Insurance Premiums Rise Sharply-10/07/2011

Health insurance premiums are rising far faster than inflation or wages.  Doesn’t this make it obvious that things are amiss?  Perhaps there is price fixing?  The mandate forcing citizens to buy insurance (Obamacare) merely “feeds the citizens to the wolves” -shame on this position!

As Dr. Kordonowy has stated before, the rising health insurance premiums are “stealing employees wages”.  The system continues to ask the employer to purchase insurance for employees and this translates to lost wages to the employee.  Since the employer isn’t using the product and since it is considered a business expense, the employer doesn’t negotiate or shop as intensely as the individual would.  The biggest fear the private health insurance industry has is that real individuals demand real products if they are going to pay for them.