North Carolina Health Insurance Rates
According to a recent report released by Families USA, North Carolina health insurance rates have increased sharply. It now costs over $13,000 to insure the average North Carolina family via an employer sponsored health insurance plan. Of that amount, the family will end up paying $4,000-$5,000 out of pocket.
The cost of Group health insurance coverage in North Carolina has increased 97% since 2000.
BCBSNC the largest health insurance company in North Carolina took in $2.2 Billion in group health insurance premiums in 2008 vs. $841 Million in 2001 (a 161% increase). Blue Cross Blue Shield of North Carolina Individual health insurance plans (such as Blue Advantage) brought in $971 Million in premiums in 2008 vs. $311 Million in 2001 (212% growth).
It should be noted that BCBSNC’s growth in premiums collected cannot be attributed solely to the increase in prices as they have grown their membership base significantly over the period of time examined in the report.
