Thursday, 13 September 2007
Health Insurance Premium Rate-Of-Increase Slows For Fourth Consecutive Year
This is the fourth year in a row that health insurance premiums have increased at a slower rate. According to a Kaiser Family Foundation annual survey of employer-sponsored health coverage, the rate of increase — at 6.1% — is the lowest in eight years.
In the wake of rising healthcare costs, the study’s findings indicate that the increased emphasis on preventive care and many of the new insurance products, such as the Health Savings Account, are helping the costs.
“Health insurance plans’ focus on prevention and wellness, disease management, tiered prescription drug plans and other innovative tools continue to mitigate the rising cost of medical care,” said president and CEO of America’s Health Insurance Plans, Karen Ignagni.
“Today’s report shows that the country is taking steps in the right direction on health care costs,” Ignagni added. “Further progress is within reach.”
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