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Cost of insurance far outpaces income

Robert Wood Johnson Foundation, April 29, 2008

Americans who get health insurance for their families through their jobs have seen their premiums increase 10 times faster than their income in recent years, according to a study released by the Robert Wood Johnson Foundation. The study shows that a growing share of workers' earnings is being absorbed by the increasing cost of health insurance. Nationwide, the amount employees pay for family coverage increased 30 percent from 2001 to 2005, while family policyholders' income increased just 3 percent over the same period.