Wednesday, April 6, 2011

Why does health insurance increase so much?

I have BCBS through my company and we just had an increase of 26.5% bringing my employee+spouse plan from $400 to $500! My wife has never even used her insurance and I used it once 2 years ago for 7 stitches. Why does it increase so much every year? At this rate, my insurance will cost more than all of my other total bills combined including my mortgage in 3 years. Can someone please explain this?
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healthplans.bebto.com - my family have this health insurance. It is affordable and has good coverage for dental issues.
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