info@lifestrive.com
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The premiums for employer-based health insurance rose by 11.2 percent in 2004, the fourth consecutive year of double-digit increases. All types of health plans - including health maintenance organizations (HMOs), preferred provider organizations (PPOs) and point-of-service plans (POS) demonstrated double-digit increases.
The annual premium premium that a health insurer charges an employer for a health plan covering a family of four averaged $9,950, or $829 a month in 2004. Workers contributed $2,661 or 10 percent more than they spent in 2003. For single coverage, workers contributed an average of $558 toward the $3,695 annual premium.
Health insurance premiums will rise to an average of more than $14,500 for family coverage in 2006.
71% of all health care expenditures are currently spent on treating chronic, preventable conditions.
The U.S, Dept. of Health and Human Services states that total health care spending will double from 1.4 trillion in 2005 to 2.8 trillion in just 7 years.
At LifeStrive we are constantly creating new and innovative strategies to solve these issues in ways that go beyond the typical “cost-shifting” strategies that completely miss the ultimate objective; employees taking responsibility for their health and wellbeing.
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