Roger L. Simon

Health Shocker!

This one is actually worth one of those over-heated Drudge headlines. The annual cost of health insurance, according to a survey by the Kaiser Family Foundation and the Health Research and Education Trust, has gone up to $10,880 per family of four! It’s been rising steadily for the last five years and there’s no immediate cause for optimism that this will be reversed. The article explains:

Consolidation in the hospital industry, which gave hospitals more power to raise prices, has been a factor. So, too, are higher prescription drug costs and less competition among insurance companies. In addition, more people are developing health problems as the population ages.

This could easily be the Democrats biggest issue in ’08, but more importantly it’s a huge concern for all of us. I don’t even want to compute the premium if health insurance costs continue to mount at current double-digit (or near) rates.