Average US family health insurance premium...
2000: $6k
2003: $9k
2006: $11k
2009: $13k
2012: $16k
2015: $18k
2018: $20k
2021: $22k
2024: $26k
That's a 342% increase since 1999 (6.1% per year).
(Note: US CPI inflation has increased 2.5%/year)
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0 sats \ 2 replies \ @carter 16 Jul
This is all Nixon's fault. Price controls on wages was the original sin
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11 sats \ 1 reply \ @byzantine OP 16 Jul
perhaps it is honest required prices increase to manage inflating health care costs. also may be a side effect of employment bundled insurance
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0 sats \ 0 replies \ @Bell_curve 16 Jul
Employer contributions are tax deductible, market distortion number 1
Milton Friedman has said that is the first thing he would eliminate.
Original sin was price controls on wages during WW2 that accidentally created employer provided health care/insurance
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