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Thursday, September 17, 2009 - 10:38am

Health Insurance Premiums Rising Much Faster Than Wages, Report Says

Health insurance premiums in Georgia are rising much faster than people’s salaries, according to a report released Thursday.

The head of a national organization that advocates for affordable health care calls Georgia one of the worst states in the country when it comes to increases in health insurance premiums.

The group, Families USA, looked at 17 states, including Georgia. They based their findings on federal data on private employers and compared costs between 2000 to 2009.

Ron Pollock, Executive Director of Families USA, said premiums for families in Georgia grew six times faster than income.

“Premiums grew by 86.7% compared to earnings which rose by only 13.6%,” said Pollock.

Employees are also paying a greater portion of those premiums. Workers costs grew by nearly 150 percent during the nine years.

A lack of competition in the insurance market as well as wasteful spending is driving up costs, said Pollock.

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