Health Insurance Premiums Rising Faster Than Wages

AP:

Health insurance premiums paid by workers and their employers rose an average of 6.1% this year, outpacing inflation and pay increases and taking a bigger chunk out of families' budgets, according to a survey out Tuesday.

The cost was down from a 7.7% increase a year earlier, according to an annual survey of employers by the Kaiser Family Foundation, a non-profit research group.

This year's slowdown doesn't mean much when it outpaces wages, which rose an average of 3.7%, and inflation, which went up 2.6%, said Drew Altman, the foundation's president and CEO.

Read the whole story: AP