What rising healthcare premiums mean for hospital CFOs

The average annual premium for employer-sponsored family health insurance rose by 7% in 2023, according to KFF’s Employer Health Benefits Survey. Here’s how that could impact hospital CFOs.

Ready-to-use slides: Market outlook for employer-sponsored insurance

Healthcare premiums rise

For the report, KFF surveyed 24,891 private firms and nonfederal government employers with at least three employees. It received 2,133 responses.

The survey found that:

• The average annual premium for employer-sponsored family health insurance increased from $22,463 in 2022 to $23,968 in 2023. Employees with family coverage contributed an average of 29% of the total cost, while single coverage employees contributed an...