Health Insurance Premiums Rising, Again
(New York, NY) -- The cost of employer health insurance is up seven-percent for a second straight year, hurting both employers and workers. That's according to an annual survey released by the nonprofit health policy organization KFF on Wednesday. Consecutive years of increased healthcare costs have added more than three-thousand dollars to the average family premium, which reached about 25-thousand this year. Employers spent about 18-hundred dollars more this year. Many businesses - particularly smaller ones - can't keep up with the rising costs and workers ultimately endure those higher costs in other ways, like job cuts or smaller raise. Even though inflation has cooled, stress on the sector is expected to continue, at least for another year.