Friday, 30 November 2007
Wisconsin, Michigan Lowest Health Insurance Rates In Midwest
If you’re looking for the lowest health insurance rates in the Midwest, you’ll find them in Wisconsin and Michigan.
America’s Health Insurance Plans’ Center for Policy and Research recently released the average premiums for private plans in the Midwestern states, reported the Detroit Free Press. They found that Wisconsin’s rates were the lowest at $1,254 in annual premiums for an individual.
Michigan came in second at $1,878 for individuals. For a family in Michigan, the yearly premiums totaled $4,118.
Both states were considerably lower than the national average premiums — $2,613 annually for individuals and $5,799 per year for a family plan.
“Lower health premiums in the state reflect Michigan’s strong union history that bargained for workplace benefits. [Michigan is] a national leader regarding the provision of generous and affordable health insurance,” said Dr. A. Mark Fendrick, director of the Center for Value Based Insurance Design at the University of Michigan.
The data also showed that 94% of large businesses and 50% of small businesses in Michigan provide health insurance for their workers. And 10% of the state’s population has no insurance, lower than the national average of 16%.
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