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Health Insurance Costs Rise Faster Than Wages

Tue Sep 28, 2004 11:04 AM ET

By Maggie Fox, Health and Science Correspondent
WASHINGTON (Reuters) - Health insurance premiums for workers are rising around three times faster than their wages, and health costs eat up a quarter of earnings for more than 14 million Americans, according to a survey on Tuesday.

While benefits are being cut, health insurance premiums are rising, the report from the nonprofit Families USA found.

"Working families were squeezed by runaway health care costs over the past four years," said Families USA executive director Ron Pollack.

Article from Reuters.com

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