Just got my health insurance premium increase notice – 23%

October 30, 2009 by Doug Mitchell · Leave a Comment
Filed under: News

It’s like clock work right? No matter how little I use my high deductible HSA plan (I buy my own as I’m self-employed), I get a increase every year. This year it’s 23%. That’s an abomination but my gut reaction isn’t to vote for a public option or government intervention. My reaction was to begin finding creative solutions out there in the open market for health care.

Too bad I missed a FREE webinar put on yesterday by our Association of Business and Industry here in Iowa discussing this very topic. That was MY choice to miss due to other commitments. The point is that as we keep getting buried by health care costs, increased competition across borders will provide options that I can live with. And, at the end of the day…if health insurance does cost a bundle, that’s what I’ll have to pay to keep it. If no one an afford health care there will be no payers into the system and it will fail. Market forces must intervene if allowed at some point (remember how we were supposed to have $9/gallon gas by now because of the collusion, cheating, and market manipulation?)

Moving health care into the realm of the government will further exacerbate the issues we’re seeing now on the paper on which the increases come will change. Now it comes from an insurance company. Then it would come on your W-2 and 1040 forms.