Dallas health insurance agent say premium increases are because the cost of care increasing

  Dallas health insurance agent

Dallas health insurance costs continue to rise despite the Affordable Care Act being passed 12 years ago this March. According to a report by the Commonwealth Fund, health insurance premiums and deductibles for Americans with employer-sponsored coverage accounted for 11.6% of median income in 2020.

This includes individuals and families with health insurance in Dallas. \"The findings are a stark reminder of what we already know - that healthcare costs are rising more quickly than the income for working families,\" Sara Collins, vice president for health care coverage and access at The Commonwealth Fund, told Yahoo Finance, \"Which means health care costs are taking

Rick Thornton, a Dallas health insurance agent , echoed the Yahoo Finance! article by saying that the Affordable Care Act requires insurers to prove they're spending at least 80- 85% of premium dollars on medical care. Essentially, premiums are going up because the cost of care is increasing.

Thornton added that time will tell how this will continue to impact the millions of Americans who need quality health insurance that they can afford. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online.

Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.

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