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Insurance Premiums Go Up 20.6%

Posted by Bobby Brown on January 27, 2023 - 12:52pm


The effects of inflation are hard to miss, with prices continuing to rise while families’ incomes struggle to keep up. Nearly every category of goods and services has seen prices increase over the past two years, leading to an 8.3% increase in the consumer price index from January to December 2022, a two-decade high. In plain English, that means that the average American family has lost an entire month’s worth of spending power this year compared to in 2021.

While an 8.3% increase is certainly a substantial rise, there are many examples of varying levels of inflation across economic categories. The category of healthcare expenses saw an inflation rate of 5.0% between October 2021 and October 2022. While that is a meaningful increase and is certainly felt in the pocketbooks of many American families, that 5.0% rate is below the overall inflation rate of 8.3% and substantially below a separate but related expense category that has seen outrageous inflation over the course of 12 months.

Over the 12 months between October 2021 and October 2022, the average cost of health insurance in the United States has risen by 20.6%. This inexplicable increase in health insurance costs is one of the highest inflation rates of any consumer category over the past year. What that rate means for American families is that if they were paying $1,000 per month in October 2021, they were paying $1,200 per month by October 2022.

For so many American families, that 20.6% increase in health insurance costs is an added expense that they simply cannot afford. As those families are searching for ways to save money on their healthcare expenses and avoid constant price increases, many are turning to healthcare sharing .Families that have enrolled with Health Sharing save an average of at least 62% on monthly healthcare costs compared to American families who pay for health insurance.

The savings that families enjoy when joining Health Sharing Networks allows them to regain true financial freedom, by using the hundreds of dollars per month that they are saving to help offset the rising prices on food and other essential goods. But it’s not just the cost savings that lead Americans to join Health Sharing, In addition to financial freedom, members of Health Sharing also enjoy medical freedom.

HealthCare members enjoy medical freedom through the ability to visit any licensed medical provider they desire, thanks to the fact that we do not limit members to a network of providers. Plus, when visiting those providers, our members can receive any approved medical treatment prescribed by the provider. It’s our way of returning medical decisions to the doctor and patient instead of the administrators of the healthcare program.

At a time when American families are in need of a way to save money, Health Sharing Network is here to help them. Health insurance premiums have risen over 20%. If you’d like to join our healthcare sharing community that matches well with your values and your budget, or if you are a member and you want to refer a friend or family member to our healthcare sharing please visit us at:

Click Here  or drop an e-mail to us at healthsharingnetwork@gmail.com

Otto Knotzer thanks for sharing
January 27, 2023 at 1:59pm