Report: NYC Health Insurance Costlier than Rent


nyc072806_026How high is the cost of health care in New York City?
According to a New York Post analysis of new data from the state Insurance Department, it now costs more to buy health insurance than it does to rent a two-bedroom apartment.

The newspaper found that the average monthly premium for family health coverage is $4,354, up 13 percent from last year. That’s more than the $3,947 monthly rent for a place in a no-doorman building downtown.

The jaw-dropping price follows years of double-digit rate increases as tens of thousands of healthy New Yorkers opt to drop coverage, leaving insurers with a sicker, costlier client pool.

Experts expect rates to rise again this year when companies pass along more than $853 million in insurance-related taxes included in the state budget.

{New York Now/ Newscenter}