Employer Health Insurance Costs Increased 62 Percent Since 2003
Wednesday, December 12, 2012 - 13:01
in Mathematics & Economics
The average premiums paid by employer-sponsored family health insurance plans rose from $9,249 to $15,022 per year between 2003 and 2011 - a 62 percent increase, according to a new Commonwealth Fund report. The new report by the advocacy group tracks state trends in employer health insurance coverage and shows that health insurance costs rose faster than incomes in all states. Workers are also paying more out-of-pocket costs; as employer costs rose, employee payments for their share of health insurance premiums also rose, by 74 percent on average, and deductibles more than doubled, up 117 percent between 2003 and 2011, they say. read more