Reply #8: I have another example to relate about the increase in health insurance costs. [View All]

[AdHocSolver]

Back in 1978, I left a job that I had worked at for several years to return to school full-time to complete credits for a degree as part of a career change.

The previous employer provided a comprehensive Blue Cross Blue Shield health insurance policy. I contacted Blue Cross to get individual coverage and purchased a policy with comparable benefits for about $45.00 a month.

The yearly cost for health insurance coverage thirty years ago was around $540.00, or less than one month's premium in the example cited for last year.

In thirty years, health insurance premiums increased over 1,200 percent. (12 x $567.00 = $6804.00; $6,804 / $540 = 12.6).

My annual wage at the job I left back then was around $14,000 per year, which is almost $7.00 per hour, and which provided a fairly comfortable life style back then. How times have changed.