A family in the USA can expect to pay $1,000 a month for health insurance. That's almost that average monthly mortgage payment ($1,200) and at the current rate will certainly be more then people pay for their homes within a few years.
In most states if you get cancer or something the insurance company can't cancel you but they can raise your rates to any number they choose. Basically they can raise your insurance premium to $1,000,000 a month if they want. If you're on a group plan they have to raise the rates for the entire group so being part of a larger organization is helpful.
|