Thursday, October 9, 2008

Michigan's Group Insurance Premiums Go Up, Highest in Country

By Ethan Calvin

It is known that the state of Michigan already has plenty to worry about. State residents have been fighting a slow state economy for a couple years. Workers in the auto industry try to avoid layoffs and forced early retirement, while college grads are having a hard time finding their first job.

Now, a new report from Families USA, a health care research group, found that group health insurance rates were increasing more than wages at the fastest rate in the nation. Health insurance rates for employer-sponsored plans went up by 78.2 percent from 2000 to 2007, yet wages only increased by 4.6 percent in the same period.

A Detroit Free Press article wrote that Michigan workers are now paying more than their employers are paying, proportionately. The free Press article says that, from 2000-2007, the amount employers paid for health insurance heightened by 63.3 percent. During the same time period, employees part went up by 170.6 percent, ridiculously.

"[T]he whole system is being stretched. [This report is] another cause to look at the impending collapse of the whole health care system," said State Representative John Dingell. So what kind of health insurance reform will residents of Michigan choose? It seems as if they have already made their decision.

Michigan was thought to be a battleground in the present election. John McCain has since announced that he will be pulling his campaign from Michigan, due to decreasing numbers in polls that last few weeks. That pretty much cedes Michigan to Barack Obama.

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