Rising Cost of Healthcare in Texas: Fast Facts
Health insurance provided by companies is becoming more and more expensive, especially in Texas, according to a new report from The Commonwealth Fund. Representatives from Blue Cross Blue Shield and UnitedHealthcare attribute the rising healthcare costs in Texas to the rising cost of healthcare overall.
Below are some quick facts taken from this article in the Houston Chronicle, based on the report.
- Premiums for Texas families have risen 53% since just 2003
- Premiums for individuals in Texas have risen 46% since 2003
- Both group’s deductibles more than doubled in that time period
- Costs in Texas are rising faster than the national average
- Employer premiums now account for at least 20 percent of the average household incomes of people under 65 in a majority of states
- Healthcare costs are rising two to three times faster than inflation in Texas
- Average cost of employee-sponsored insurance for Texas families was $14,526 in 2010
- Average premiums will rise by 72 percent by 2020 if current trends are not slowed
Read the full article here: