Surprise! Health costs rise faster than pay

There doesn’t seem to be any commodity that people’s pay can keep up with these days. Add Health care to the list. Although the rate of increase has slip to less than double digits increases over the last few years, health costs have still almost doubled (82.2%) since since 2000. Workers wages increased a paltry 15%.

Anyway you count the numbers, the results ain’t pretty for workers. Read Will Shanley’s article in the Denver Post . . .

Health care costs in Colorado have jumped 82.2 percent since 2000, more than five times the earnings increase for workers.

For family health coverage, the average annual premium paid by workers and employers rose to $12,386 in 2006, up from $6,797 in 2000.

Meanwhile, worker wages statewide grew by 15 percent, or $3,947, to a median of $30,337 per year.

Those findings were reported Monday in the study “Premiums Versus Paychecks: A Growing Burden for Colorado’s Workers.” Families USA, a health care advocacy group based in New York, prepared the report.

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