Neil's Spotlight Burden of Health Insurance Premium Increases on Hawaii Families
September 22, 2009
The White House releases a report that says the average Hawaii family's insurance premium growth is 107 percent, compared to just 37 percent wage growth.
WASHINGTON – Today, speaking to a group of State Insurance Commissioners, Vice President Biden highlighted a new White House report documenting the burden of health insurance premium increases on Hawaii families.
Health insurance premiums for American families continue to skyrocket. In the past year, the national average annual family premium for employer-sponsored health insurance rose to $13,375 in 2009 – a shocking 5.5 percent increase during a recession when inflation actually fell by 0.7 percent.
"The status quo of rising premiums is simply unsustainable," said Vice President Biden, "for families, for businesses, for state budgets, and for our national economy."
In every state, premiums have increased far faster than wages and are consuming increased portions of family budgets. The White House's analysis found that families’ premiums in Hawaii went up 107 percent, outpacing wage growth of just 37 percent.
"The State Insurance Commissioners understand firsthand the health care crisis - and are fighting every day to combat it and reduce unjustified premium increases," Vice President Biden said. "But these numbers are just one more piece of evidence that the need for nationwide reform is urgent."
To read the full White House report, please click here.
This news release is from the White House Office of Media Affairs.
