ColoradoBiz - Rays of hope: health costs and health-insurance premiums are still on the rise, but 2006 increases are smaller than last year’s.(HEALTH CARE SPECIAL SECTION)
Although health care costs are rising, local insurance companies and employers say there is reason to be optimistic about a problem that has had even the national experts stumped for years. “The increases we’ve seen have been less than in prior years,” says Joe Hoffman, vice president and general manager for Anthem Blue Cross and Blue Shield of Colorado and Nevada.
“In the late 1990s and early 2000s, we saw percentage increases in the high teens and twenties, and sometimes in the thirties. Now the increases are in the double digits or high single digits.”
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