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Healthcare costs rise faster than wages

NJ.com / The Star-Ledger, December 14, 2012

Health insurance costs for the average family have risen more than five times faster than incomes in the last decade, according to a new study from Commonwealth Fund. The Commonwealth Fund, a privately funded, New York-based health research clearinghouse, looked at premiums across the conutry and found the average cost of a family health insurance plan is just above $15,000—up 62 percent since 2003. Median family income rose only 11 percent during the same time period, the report said.