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Politics : THE WHITE HOUSE

SPY 687.86

-0.4%

Dec 29 4:00 PM EST

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To: Travis_Bickle who wrote (10111)	10/31/2007 1:31:11 PM
From: longnshort	Read Replies (1) of 25737

ccording to The Washington Post, the average cost of health insurance for employees and retirees will increase 2.1 percent in 2008, the Office of Personnel Management announced yesterday. That's up slightly from this year's increase of 1.6 percent. In contrast, private-sector employees' employer-provided coverage has gone up an average of 6 percent this year, and some analysts predict that private-sector premiums will rise by more than 6 percent next year. It is reported that Office of Personnel Management (OPM) officials said they held down the rate increases by dipping into the financial reserves of the Federal Employees Health Benefits Program, which provides about $35 billion in health-care benefits annually. The increase in premiums for 2008 will also be slowed by having employees pay more for some deductibles, officials said. Must be nice having the taxpayers pay extra to keep health insurance costs down. I bet the private sector would like that.

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