Skyrocketing healthcare costs could double premiums for many Americans

Unless healthcare reform becomes a reality, most Americans can expect to pay health insurance premiums that will double by 2016, a new report claims. Left unchecked, the costs of employer-paid health insurance will jump from $11,381 to $24,291 in the next seven years, according to the report by the Public Interest Research Group. Wasteful spending and inefficiencies are what is fueling the trend, the report contends.