Dear health insurance company… Your recent letter indicating that rates are “only” increasing 5% in 2013 is a joke. You realize the math, right? If inflation is ~3% currently/historically, then a 5% annual increase (effectively 2% in current year dollars) means that health insurance prices will DOUBLE in ~36 years (using the “rule of 72”). 1.02^36 ~= 2
Yeah, good luck with that working out everyone!