Some family budgets are stressed to the limit by the cost of health insurance and out-of-pocket medical expenses. This burden, unfortunately, is likely grow much heavier.
New analysis by the Penn Wharton Budget Model forecasts that the real cost of health insurance premiums will increase by 90% over the next 40 years, after adjusting for inflation and economic growth over that time. In plain English, that means paying for health insurance would take nearly twice the bite out of the family budget that it takes now. Continue reading “Health insurance premiums are headed way higher”