The rising price of healthcare

A colleague of ours passed along the following interesting (fun? scary?) stats about the rapid increase in the cost of healthcare in this country. If the cost of the following items had increased at the same rate as the price of healthcare between 1975 and 2005, here’s what they would have cost in 2005:

  • Toyota Corolla: $65,280
  • 25″ color TV: $12,726 
  • 1 bottle of Nyquil: $23
  • Oil change: $101
  • A basic corded drill: $265
  • 2 lb sirloin steak: $48
  • 1 movie ticket: $24

Is it any wonder, then, that health insurance premiums continue to escalate? At the same time, however, these costs illustrate how important it is for you to protect you and your family against potentially catastrophic bills that could quickly as the result of a medical problem. A good high-deductible health insurance plan can help make the premiums more manageable and still protect you against big-league claims. Contact AC Forrest to get free, no-obligation quotes and/or to compare your current coverage with other options – it’s almost certain we can help you save money.