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Inside E Street: Premium Price$, Healthcare Insurance, Cost, Drug Pric... Skip to content

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What's behind the skyrocketing cost of health insurance?

The first steps in Health Care Reform started taking effects on July 1, 2010 as the federal government started accepting applications for a high-risk pool.  But a series of new studies shows that insurance premium costs and drug prices are still rising quickly.  A recent Kaiser Family Foundation study found that people who were buying coverage on their own saw premiums jump an average of 20 percent over last year.  A study by AARP found that drug prices for medications used by people on Medicare rose almost 10 percent over one year.  What’s driving these costs?

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