Private health insurance costs are skyrocketing: Axios

“The cost of private health insurance is out of control, compared to Medicare and Medicaid,” Drew Altman of the Kaiser Family Foundation writes on Axios. “You see that clearly if you take a long-term view of recently released federal data on health spending. This is why the health care industry — not just insurers, but also hospitals and drug companies — is so opposed to proposals that would expand the government’s purchasing power. And it’s why some progressives are so determined to curb, or even eliminate, private coverage. Per capita spending for private insurance has grown by 52.6% over the last 10 years. Per-capita spending for Medicare grew by 21.5% over the same period, and Medicaid 12.5%.” Drew Altman of the Kaiser Family Foundation, “Private health insurance costs are skyrocketing,” Axios.