AXIOS January 17, 2024
Families with workplace health insurance may have missed out on $125,000 in earnings over the past three decades as a result of rising premiums eating into their pay, according to a new JAMA Network Open study.
Why it matters: While employers, rather than workers, typically bear the brunt of rising health insurance costs, the study is further evidence that rising premiums are costing workers through wages they would have otherwise received.
- And it’s costing low-income employees and people of color the most.
The big picture: Premium growth has long outpaced wage growth, meaning that health insurance has become a larger and larger part of workers’ total compensation as employers pay out more in health benefits.
- Premiums usually...
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