Managed Care Mag December 4, 2019
If health insurance premiums were in a horse race with inflation and employees’ wages, which would you bet on?
Smart money is on the premiums, and it turns out not to be much of a contest.
Results from the Kaiser Family Foundation’s annual survey of employer health benefits show that the premiums increased by 5% this year while wages went up by 3.4% and inflation, by 2%.
The average cost of family coverage reached $20,576 this year.
These numbers are a continuation of a longstanding trend. Premiums have risen by 67% over the past 10 years, more than double the amount (31%) that wages have risen and three times inflation (21%). The average annual cost of health insurance premiums for...