HIT Consultant November 4, 2024
Everything is becoming more expensive, so it’s not a surprise that employer-sponsored healthcare costs and premiums are growing exponentially.
But the question arises: who bears the brunt of these increasing costs?
The short answer is everyone. Employers, health plans, and especially employees are all impacted by rising employer-sponsored healthcare costs.
The 25th Employer Health Benefits Survey (EHBS) provides a snapshot of the nearly 153 million individuals enrolled in employer-sponsored coverage from January to July of 2023. According to the Kaiser Family Foundation (KFF), the average annual premium for employer-sponsored health coverage in 2023 was $8,431 for single coverage and $23,968 for family coverage. 2023 saw a 7% increase from the previous year; however, costs between 2021 and 2022...
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