Yes, they've been growing nearly unbounded. (Part of this is, they've been going up, and part of this is, I'm getting close to that cliff, where insurers get the most nerrvous about issuing insurance.)
It was just a few years ago that my premiums had climbed to about $2700/mo before I converted to high deduct/catastrophic coverage (and then they dropped to about 770/mo..or 24G less per year.) And that $2700/mo plan, as I remember, also had a fairly high deductible towards the end.
But, think back 40 yrs. I for sure don't remember my parents going through anything like this. Not even close. Yet....they lived into their 90s. They didn't suffer for inferior health care.
God forbid, at this rate.
So... what changed, do you think?
The market just seems ... broken. So who or what broke it?
The other explanation is, as a nation, we are far more sickly, ill, forever at the doctors office, going to the hospital, etc., than earlier generations.
Do you think that is really the case? We are forever on expensive ICU life support to eke out an extra 5 yrs of bedsores?
Or..as I suspect, has third party payer/ring around the rosy so damaged the marketplace that it is totally out of all (commercial) control, and now, a confluence of interests, including, as a yet another tool of redistributuon?
(Edited by Fred Bartlett on 11/20, 1:58pm)